May be. May be not.
A real difficult one.
Sold off perfectly after taking out the stops above 25188 as anticipated but 2 things don't sit well with me for a short case. First is volume. A bit too high. Daily close well off its lows as well. Second is SPX just filling its gap. Everyone would be jumping on sell wagon. If only markets were that easy to trade.
But my instincts could be totally off and it might just tank down from here.
Picture will be clearer after Tomorrow.
You decide.
Sold off perfectly after taking out the stops above 25188 as anticipated but 2 things don't sit well with me for a short case. First is volume. A bit too high. Daily close well off its lows as well. Second is SPX just filling its gap. Everyone would be jumping on sell wagon. If only markets were that easy to trade.
But my instincts could be totally off and it might just tank down from here.
Picture will be clearer after Tomorrow.
You decide.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.