S&P 500 IndexUpdated SPX ST - second leg?
- the rebounce looks like a flag to me
- should the bull failed to breakout the resistance 2700ish i expect one more leg down and then we will see if there is double bottom can be made which is very bullish afterward?
- should the bull failed to breakout the resistance 2700ish i expect one more leg down and then we will see if there is double bottom can be made which is very bullish afterward?
Note
- priced failed at 50DMA and i stil expectl a lower leg
- VIX term structure is still backward so market still lure as much BTFD as possible i believe .. when M1>M2 i will keep cautious
Note
key time ...
Note
goes as expected. Should market reverse near here or the dive not yet over
Note
down slope is getting crazy .. probably close
Trade closed: target reached
second leg target reached
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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.