MrFleck

MrFleck

I think SQ goes to 45 at least. I loaded some december expiry puts today. Will be averaging over the next week. Planning to hold 75% of my position till 45 at least. Will let some runners till 35.

MrFleck

Fairly straight forward play. I'll start a short position tomorrow.

MrFleck

Such a nasty candle and the structure has broken to the downside. Sell will be fast and aggressive imo.

MrFleck

Looks like a clean short. Most stocks are forming convincing bearish set ups. I expect some serious selling this week across all sectors.

MrFleck

Looks like a fat head and shoulder setting up. Will wait for a bounce above 510 and short it to 470.

MrFleck

Broke below flat base. Has room to go down. I would wait for a test of 154. That will be a good short entry

MrFleck

Check my previous post for alternate bull count Mostly short squeeze now Load shorts above 4150. Exit at 3750

MrFleck

This is just for my journaling my ideas Load shorts above 4150 Target 3750

MrFleck

Just a theory. This count will be invalidated if SPC loses previous lows, of course

MrFleck

I am currently net short. Even though we might go as low as 374, I would personally exit my short positions at 390s. It is possible that $SPX might have formed a contracting leading diagonal. This pattern is very rare and if it happens it is usually at the wave 1 of impulse or wave A of correction. I am not sure if this is an impulse or correction. Irrespective...

MrFleck

Ascending wedge leading to resistance with bearish RSI divergence. Took short positions before close today.

MrFleck

Honestly, SPY can go either way. I am not gonna predict the future and will play level by level. I see a diamond bottom (second half of diamond is a symmetrical triangle). I have mentioned my plan in the chart.

MrFleck Updated 

370 is the key level. Break below and hold, we see new low (350). If not it is possible to see 420 - 430 by next month

MrFleck

Next targets are 407/417. There will be minimal pull backs imo.

MrFleck

This is mainly for my reference. Zoom in to see various trend lines. Use log chart for accurate trends. Short till SPY touches upper while trendline (upper border of long term parallel channel)

MrFleck Updated 

Spy bounced at 0.382 retracement level (from Covid lows to ATH). There is a gap to be filled near 428, which is also a supply. It could either be 428 -> 395 -> 440 or 395 ->428 -> 440. 50 DEMA is at around 426 and 200 DEMA is at around 444. If 440 - 444 rejects , we are gonna see 372 and 360. If SPY breaks through 440 - 444, then David H Contrarian is gonna be...

MrFleck Updated 

I have a lot of trend lines (color coded). SPY at significant resistance from various confluence. Targets for next week: 392, 388, 385, 380 I'll exit my short if SPY breaks above resistance (401/402) with conviction (momentum/volume/price action)

MrFleck

Log chart. Price used to stay in this channel for decades. We are heading into stagflation in the near future, which tends to be the most brutal bear market. It will be a slow and painful death, a process, that is gonna happen over years.