SPX mini-distribution within the larger one
One month's play ahead. Expecting a decline from this tight range with a bounce ~3950 area before continuing to the lower bound of the larger distribution range. Early next week could move a tad higher to 4160 or sweep the local highs ~4186 for UTAD. But in any case, looking for a range break this week to the downside.
Note
UTAD it is, now the down move should come by tomorrow or latest Monday. Otherwise wrong.Note
Wrong. Will share updated analysis soon, SPX doing a large WXY, should be heading >4400.Order cancelled
Note
Will re-evaluate around ~4260Note
TOP is in, came a day late.Trade active
Order cancelled
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4300 eventually; only scalps for now..Note
Almost there, but currently this isn't my primary view and will share the updated analysis over the weekend.Note
Here is my updated LT view:
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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.