2950-2977, is going to be the resistance area to look out for. If we get any significant resistance there, SPX is going to turn into a big downtrend.
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Didnt anticipate the tartiff tweet, but news should bring us up to 289.
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To me it looks like SPY did ABC down. The volatile movements we had, is a clear indication we usually see with C waves. We need 283,2 to hold in order for this to reach 295 spy.
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We got liftoff. This is going as anticipated. We should be looking at a 296-298 retracement. there is where would load shorts and target 27x.
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That was it for the retracement. We can maximum go to 297, but very unlikely. I would start shorting here. Target is 273.
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New count:
If im correct we are going to test 3019 next.
But we still have a lot of resistance to go through. We absolutely need to go past the red resistance i have marked. After that there isnt much resistance up to 3019.
If im correct we are going to test 3019 next.
But we still have a lot of resistance to go through. We absolutely need to go past the red resistance i have marked. After that there isnt much resistance up to 3019.
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Ok we got some upward momentum going. But i tend to be on the short side. I'm shorting the red Resistance area here, my overall target for this short is: 265.
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New idea here: Give it a like ;)
Trade geschlossen: Stop wurde erreicht