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S&P 500 Index
Short

SP500 looks weak 🦐

By InkyGrip
Updated
SP500 on the 4h chart has retested perfectly the 0.618 fibonacci lelevl over a weekly resistance.
The price is now trading above a daily support and a break below will show further signs of weakness.

I will wait for a clear break on the 4h chart and if that will happen i will be looking for a nice short order according to the Plancton's strategy rules.

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Follow the Shrimp 🦐

Keep in mind.

• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.


Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
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snapshot a break will be needed first to consider a new position
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snapshot as expected
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snapshot a series of lower lows lower highs, the trend is your friend until you ll recognize a sign of reversal
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snapshot break and retest, waiting for the FED
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snapshot another 5% move in our favour
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snapshot moving lower as expcted
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snapshot new recent low for a 7% call
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snapshot short term retracement to the upside
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snapshot choppy lower low for a 8.47%
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snapshot retest of the resitance
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snapshot new recent low ahead
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snapshot typical beginning of the month move
240minS&P 500 (SPX500)Trend Analysis

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