S&P 500 IndexShort
SPX 2 pathways, all the same result
Updated
Morning everyone,
I sleep in today and missed am short, sold my puts from yesterday at 3620ES zone though, re entering those now again.
The price hit my 3720-30 (as per my yesterday's update) zone in am, was an amazing short and I missed it!
I see 2 possible pathways:
- first is the price is working on the right shoulder and will push much lower next week. My ideal pathway
- second is the touch of the upper channel of the trend channel ABC black line.
If second, we should touch 3600 and hold, then push for the final move to hit 3815-20SPX
Its Friday, do not over trade, let the trade come to you and then press!
Im swing short into EOM!
I sleep in today and missed am short, sold my puts from yesterday at 3620ES zone though, re entering those now again.
The price hit my 3720-30 (as per my yesterday's update) zone in am, was an amazing short and I missed it!
I see 2 possible pathways:
- first is the price is working on the right shoulder and will push much lower next week. My ideal pathway
- second is the touch of the upper channel of the trend channel ABC black line.
If second, we should touch 3600 and hold, then push for the final move to hit 3815-20SPX
Its Friday, do not over trade, let the trade come to you and then press!
Im swing short into EOM!
Note
IHS on smaller time fame hereNote
Dont forget to press that rocket button below the post plz, let my charts get more attention so others can see them. TIANote
VP line on SPX is at 3590, perfect for the b wave to bottomNote
Guys, Im leaning towards my main pathway of the right shoulder being in place with today's high. It might take another day into Monday to form that shoulder before the real sell starts.I give less odds to the second pathway, which still quite possible, just less odds.
Be prepared that this can start crashing! and it can get all the way down to 28 handle in a very quick period of time!
Note
Perfect hit on that low, can get few points down, but should hold here imoNote
Watch NQ 10778.50 and ES at 3600Note
Must hold 3585SPX on all tries, thats where last several times bulls held and push for a rallyClosing below will be super bearish going into the weekend
Note
3585 moment of truth, closing below 3600 will get to see 34-33 handle on Monday imo. Im layering lotto putsNote
3606SPX is the main resistance, lets see if they can push this baby up or fail
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.