I've been super bearish indices for a while but heading into the 5000 area in SPX I am becoming increasingly bullish.
I think in the extremely bearish setup we bounce to 5500 and if we are actually making a big major top, then it's viable we swipe at the highs a few times.
Liquidity ... and all that.
This could potentially be a long time of choppy action around the topping zone.
If that's going to happen there's epic bear trades coming in the future but to prevent from becoming exhausted as a bear before they happened - you'd be wanting to bank in the rally.
Have plans to pick up an assortment of bets on a new high being made within 3 months somewhere a little under 5100. And picking p spot longs at some point which I can trail stops on and wait to see if the bull trap levels fail.
I do think at the very least the min risk bears have into 5000 is a 10% bull trap. I'd be very careful as a bear now.
I think in the extremely bearish setup we bounce to 5500 and if we are actually making a big major top, then it's viable we swipe at the highs a few times.
Liquidity ... and all that.
This could potentially be a long time of choppy action around the topping zone.
If that's going to happen there's epic bear trades coming in the future but to prevent from becoming exhausted as a bear before they happened - you'd be wanting to bank in the rally.
Have plans to pick up an assortment of bets on a new high being made within 3 months somewhere a little under 5100. And picking p spot longs at some point which I can trail stops on and wait to see if the bull trap levels fail.
I do think at the very least the min risk bears have into 5000 is a 10% bull trap. I'd be very careful as a bear now.
Trade active
This case has a lot of merit now if we hold 5200. Would predict a new high and then a chop period. One more nice clean swing and then a scalpers market for a while.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
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.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
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.