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Gann Box

Is it possible that the SPX might just hit 1535? In my opinion this is a very good possibility. We might just be in the early stages of a recession and the market is letting us know that it is not liking what it sees coming. Lots of investors have been overlooking all the bad data and indicators. But to tell you the truth, this does not surprise me at all, considering they did the same exact thing right before the 2008 crash. I see a lot of volatility in the market in the next few months to come, with a potential crash sometime during the end of the summer and beginning of fall. Let’s hope that I am wrong for the sake of the middle class! Crypto is where I will be putting my money
SP:SPXShort
by TheKingOfAces
3
CLJ2019's Anticipated Range This is a 10H chart of CLJ2019, which will be trading until it expires the 20th of March. The Gann Box tool is squared to the high & low range of this contract; from the 7601 peak to the 4300 bottom. There are also the 45º and 15º angle lines coming from various highs and/or lows. As shown in the chart, the oil price is currently approaching the 150 day EMA, it has increased from the 4300 low by a third and the 1/3rd area coincides with 150 day EMA.., and all this is happening after it saw a record breaking plunge of ≈45% from its 7601 peak. Traders who held short risk exposure through that 33%+ rise from the low are likely to take profits at these levels. The reducing of short risk exposure is anticipated to manifest itself in a minor pullback of 200+ ticks at least. Shorting the pops seems to be the reasonable approach from here. The risk factor for short entries is $1.3K (130 ticks) per contract with a potential of 2R return for risk.
NYMEX:CLJ2019Short
by Zoen_Trieste
2