Hey guys! Just a little observation here. SPX appears to be entering a parabolic curve downwards, so crossing outside of that curve may be a turning point. Since it’s inevitable it’ll cross out, keep an eye open on Tuesday-Thursday. Since the market is bearing hard it probably won’t mean much, but if the market is looking for a reversal point this is a good one...
Yet to be seen how SPX will react to resistance, but I see no reason for us not to make it all the way down.
Hey everyone! I’ve been watching SPX to swing trade UVXY over the last couple of weeks, and I’ve noticed an interesting trend occurring. About around the first third of every month, we’ll hit the top trend line and bounce down to the bottom line. So far it’s proven to be accurate with surprising regularity, starting in about mid-June Should we begin to bounce off...
Note how the pink line hits all of the candles. This is clearly a powerful bullish signal. It's practically the new TSLA, so get in while you still can.