Spx500analysis
S&P 500 - 3300 Objective Met. Lower Prices Still In the Cards.Please give this an idea a like if you found it helpful. Price still has the potential to reach lower. Next Objectives are 3280 & 3250. Remember, I am eventually looking for 3200. Refer to the related ideas attached to this post. Thank you.
SPX500 and its FAKE-SELL-OFF?!Hey tradomaniacs,
in the chart I show you some points why I doubt in a sell-off right now as it is expiration-day and the volatility is generally very high.
There are so more points I don`t need to note as they need more explanation but these points are enough for me to stack more longs.
In case of a drop I just hedge positions. :-)
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
SPX500 STACKING long PositionsHey tradomaniacs,
SPX500 looks very bullish to me as the previous fakeouts have created a double-bottom-pattern.
These fakeouts were the perfect moves to washout these massive crows of robin-hood-traders.
The current option-market is full of these retailers who are taking the liquidity for the big players.
To get this liquidity big players are forced to manipulate the market to the downside in order to hunt the stop-losses.
When I look at the market-depth (on daily basis) I can see accumulation of volume and these SL-Hunt-Moves as the sellers instantly get aborbed by the ALGOs.
Economy is also recovering well so far which is why I expect more momentum to the upside.
As always I will manage this trade very aggressively, especially ahead the FOMC-meeting today.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)