Updated

3550 next stop?

Prepare to go lower, there is a lot of short term support below the S5, so I think they won't go below 4107 tomorrow... But on the other hand I have a feeling that our Trading Plan will work out, we get a much deserved bounce, release all that tension and get many hours to 1 day of up, it's hrd to say 1 day up as we have seen most days we bounce off the highs AND the lows.
1 week chart

if we go up we can sell our S3-S5 longs and reload shorts from a higher place like Pivot to R3... because we are in a bear market we will continue to push the lower levels and not reach R5 like in a Bull Market.

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I would love to see a .55 or .62 fib retracement tomorrow, that is what it would take to recover half our losses, if we got an R4 would virtually restore us, but I think we should get out and get short, because tomorrow looks terribly bearish to me right now. If we have a big sell-off after the r levels we can make more than we lost back. I didn't realize how high we were when we bought S4 or S5.

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tradingview.com/chart/5E8wHuTB/

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tradingview.com/chart/5E8wHuTB/

there is a GAP here that could help us but all timeframes look bearish... This doesn't mean we don't open at S3 tomorrow and go up some.

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I have to consider both sides, buy or sell because honestly in any minute it is 50/50%. There is this pattern of going up overnight and into the morning, but will we reverse at 10 AM 10;30, 10:45 or 1:30 I don't know.

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There are the huge support levels i often put in yellow or orange under us, that is a good reason to bounce for real.

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be ready for either. I often use large numbers of SPXS to insure my longs.

I think we need to be ready for these S5 situations, expect more.

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i will be in my room, see profile, at 9 am tomorrow to say a few words, still working on being able to display charts, instead of me being a talking head.

dryanhawley

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dryanhawley

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