S&P 500 IndexShort
$SPX Exit Stage Left
We have several things going on with the SPX Right now. Some say its a bullflag, Some say it's a head and shoulders.
The simplest explanation often being the best,SPX is testing a downtrend line that was formed as a result of price action continuously rejecting at a Supply Level.
Price is consolidating, however with the aggressive short attack on theSPX at the close Friday, valuations being in the clouds and meme coin holders being rugged by world leaders, I would say there is a more than fair chance all this stupidity marks a top.
With a very dubious and undecided CCI, weather we break above first or break lower first does not matter. We are going down.
First target is a closing of that huge Wide open space at 5850. Then Liquidity at 5700 and a third target at 5400.
We will see after that.
Don't forget to Short the
BANKNIFTY too...
SPX Right now. Some say its a bullflag, Some say it's a head and shoulders. The simplest explanation often being the best,
SPX is testing a downtrend line that was formed as a result of price action continuously rejecting at a Supply Level. Price is consolidating, however with the aggressive short attack on the
SPX at the close Friday, valuations being in the clouds and meme coin holders being rugged by world leaders, I would say there is a more than fair chance all this stupidity marks a top. With a very dubious and undecided CCI, weather we break above first or break lower first does not matter. We are going down.
First target is a closing of that huge Wide open space at 5850. Then Liquidity at 5700 and a third target at 5400.
We will see after that.
Don't forget to Short the
BANKNIFTY too...
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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.
All opinions while deemed valid by its operators and shared on this board are not financial advice and are primarily for Entertainment Purposes.
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.