S&P 500 Index
Short

$spx reset for Q4 incoming! 4200 levels

Notice how we have tapped 4600 which an extreme overbought level. SPX must retest a lower level of 4380-4330 and if it does not hold it should freefall to 4200 in prep for Q4.

SPX has been in a bullish outbreak since march 2023 with only a slight dip in june 2023.

a correction is due.

I am using SPXS as the inverse of this play.


I do have a sentiment which is: when the Dollar is up, stocks are down and VICE versa.

We are noticing incoming strength from DXY which is causing a shorting of SPX and other index + stocks.

Trade wisely

Disclaimer