SP500 $SPX $ES $SPY - Taking the stairs, down, down, down.
Updated
We should visit the yellow steps.
The blue step is a bit of a stretch but not impossible. Today, my confidence for this target is at 60%. This will change over time. I'll try to provide updates when we move lower.
Good luck.
The blue step is a bit of a stretch but not impossible. Today, my confidence for this target is at 60%. This will change over time. I'll try to provide updates when we move lower.
Good luck.
Order cancelled
Do not follow this idea! It's incorrect. I've provided the new analysis here:
Trade active
Going back to this idea. I don't know what happened and why I changed my mind last minute before this move. Need to do some soul searching :)Anyway I expect this to rip down to 262 shortly.
We will not revisit the top anytime soon. Few years. Markets will go lower I believe.
Note
Playing out as expected. I wouldn't go long on the market just yet. Fear still a mindset and I expect more selling and one more bounce of the resistance. Possibly gap downs on open and rally up.Some nice bounces coming soon during earnings.
Note
Target hit. We are in for a bounce until January.Note
Note
Hitting the targets as defined. Click play on the main chart.Note
Bouncing a bit but should hit target. Trade closed manually
Closing this trade. I think we're at bottom and will be bouncing here shortly. Forget about the previous target for now. Might not happen for months.
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