Short Opportunity SPX500 ---> HUGE!!
Updated
Hey guys! ItsQure here with another hopeful short for the next 2 weeks. SPX caught me off guard today the bulls on wall street are pumping the price in order to reach the fib retracement. However, there is no way the bulls can hold up the bubble of the economy for another week! IT WILL FAIL before getting to the .5 retracement value of 2795. We must to test the lows again and I think this is definitely the start of wave 2.
I have laid out the soft resistance levels heading for the .5 retracement and the soft resistance based on the trends. BE CAREFUL and REMEMBER this analysis is not supposed to be taken to heart... the stock market is irrational and sometimes(alot) rational can bite you in the butt. Do your own analysis and always enter at a high(for shorts) and vice versa for longs in order to risk manage. Also never YOLO all your money into a hunch and practice smart investing (increment your buys). Wait for confirmation before going in big!
With love,
ItsQure
P.S. Help me out if you dont like something... leave a comment!
I have laid out the soft resistance levels heading for the .5 retracement and the soft resistance based on the trends. BE CAREFUL and REMEMBER this analysis is not supposed to be taken to heart... the stock market is irrational and sometimes(alot) rational can bite you in the butt. Do your own analysis and always enter at a high(for shorts) and vice versa for longs in order to risk manage. Also never YOLO all your money into a hunch and practice smart investing (increment your buys). Wait for confirmation before going in big!
With love,
ItsQure
P.S. Help me out if you dont like something... leave a comment!
Note
WOW. The market shot past the resistance thanks to the stock futures being pumped up during the night. Since we past the soft resistance and tested it once, then I would suggest that it is now the soft support. Im going to keep watching the market today, but overall I still think we are heading fast into tomorrow being the last day for the bulls.Note
Throughout the day we tested and failed to stabilize above the soft resistance. Watch the futures tonight, but I expect we will be testing and failing the soft support tonight. Is the start of wave 2 happening tomorrow?? I think so
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