SPX oversold; near completion of ABC correction?
-10% on support at 3230. Could get lower, might bounce and sell once more. Falling wedge; a bear trap IMO
See related post on QQQ; not investing advice; trade at your own risk! GLTA
See related post on QQQ; not investing advice; trade at your own risk! GLTA
Trade active
Got into Oct 324 calls when price around 323; look for higher on Tues to closeout. Chop not over yet IMO; short covering rally again, as on FridayNote
Wow! Cut day's loss in half EOD...! Calls looking real good atm...holding for TuesTrade closed: target reached
Flipped the calls in AM rush, +33%Note
Expect another sell soon, retest lows or a higher low, probably Thursday but could start Weds PM IMONote
Wow look at the perfect Bear Wedge! Terminating in the resistance zone ~3320 from 9/08-11-17; perfect short entry IMOTrade active
Played it up and down; back in cash; is this a 2 wave down in an emerging 5-wave impulse? Friday will tell IMONote
News noise over Trump infection has closed the gap at 3305; expect higher again soon IMO
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.