SPX pathway into 19th low
Updated
This is the best I can come up with today. i didnt do much research today.
Want to see a lower low in am and bounce after the Interest rate decision, then the whole move will be faded after Powell starts talking.
Short around 2am, buy am low for the interest rate decision and sell that rip (if we get one) right before Powell starts talking.
Thats my plan for tomorrow
I have a price to short at 4044-47SPX and 4080SPX, those are the levels to watch, especially the second number.
ES resistance is at 4090-99
Its my BD tomorrow, might be less active, but will try to tweet my trades.
Resistance levels are the same
- 4028-34SPX
- 4100-4110SPX
Main support on closing level is 3933SPX.
I still think we should see 3748SPX gap filled this month and 3212SPX early (Q1) next year
Want to see a lower low in am and bounce after the Interest rate decision, then the whole move will be faded after Powell starts talking.
Short around 2am, buy am low for the interest rate decision and sell that rip (if we get one) right before Powell starts talking.
Thats my plan for tomorrow
I have a price to short at 4044-47SPX and 4080SPX, those are the levels to watch, especially the second number.
ES resistance is at 4090-99
Its my BD tomorrow, might be less active, but will try to tweet my trades.
Resistance levels are the same
- 4028-34SPX
- 4100-4110SPX
Main support on closing level is 3933SPX.
I still think we should see 3748SPX gap filled this month and 3212SPX early (Q1) next year
Note
So far so good with this pathway
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