The Beautiful SPX is showing us Price Action Precision
Updated
Price Action Precision on the SPX is unfolding right before our eyes.
Gotta Love how structured this market is.
The important Line/Zone is 3225 to 3200.
If that level is breached I would say the bears will have full control.
If the bulls can hold this line/zone then its back
to the races with 3500 as the first bounce target.
Gotta Love how structured this market is.
The important Line/Zone is 3225 to 3200.
If that level is breached I would say the bears will have full control.
If the bulls can hold this line/zone then its back
to the races with 3500 as the first bounce target.
Note
Starting a Short SPX position here at 3317. A combination of OCT/NOV Call Spreads and SPY puts. :) I am looking for this to be a 2 to 4 week swing trade. Target is 3150.Note
Closing 50% of my trade here at 3243. Nice Trade! Will let the other 50% ride down to target levels. So far so good.Note
Gotta love how price respected the 3225 price zone. Let's see how far we bounce up before the next leg down to 3150 unfolds.Note
Back to the 3400 zone... this is a big area of resistance... let's see if the bulls can push through or get knocked back down to the 3200 zone.
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