ES as long as 4084-93 holds, it has a good setup for a strong
Updated
ES as long as 4084-93 holds, it has a good setup for a strong down!
Tomorrow should produce a buyable bottom for a rally on Tuesday.
Full Moon is on the 8th, usually marks top or a bottom.
So far its in topping process. Can it correct through time and move higher into EOY, very possible
Ideally we see a low mid Dec (my ideal low is at 3750), that would be a perfect setup for a long trade going into EOY and Jan high.
That high alone can get above 4200, can be a great ride. Will need to do some homework on my SPX chart and check if we can get that ABC move up into Jan high.
One thing is I have a good confidence is that month of Jan will be a very strong selling/red month.
So early Jan high will be a perfect short imo
Tomorrow should produce a buyable bottom for a rally on Tuesday.
Full Moon is on the 8th, usually marks top or a bottom.
So far its in topping process. Can it correct through time and move higher into EOY, very possible
Ideally we see a low mid Dec (my ideal low is at 3750), that would be a perfect setup for a long trade going into EOY and Jan high.
That high alone can get above 4200, can be a great ride. Will need to do some homework on my SPX chart and check if we can get that ABC move up into Jan high.
One thing is I have a good confidence is that month of Jan will be a very strong selling/red month.
So early Jan high will be a perfect short imo
Note
Maj support is at 3940-45 level! Must hold on all attemptsNote
One thing to note, that the whole move off the top was in 3 waves, so 3 waves down usually a regular retracement pattern, thats why all the bets on lower are off if above 4094Note
There is a huge put wall for tomorrow at 400 SPY, if tested, its a good long imo
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