S&P 500 IndexShort
Ugly is here!
I warned ugly was coming.
Ugly is here!
Two weeks ago I issued a warning regarding a price break down to the zone we are currently in (4007.23 - 3867.02) - Welcome to the zone.
Last week was violent in the emotions department with massive negative - then positive - then negative again swings.
This week may (fingers crossed) play a little calmer.
Last weeks range of 109 points met the mean of the ATR. Using the mean (110) and giving 67.98 points toward the negative attitude, leaving 42.02 points to the upside.
From the current close, 42.02 points would be ~4012 (retest the top of the zone). The potential low will be ~3902.
Keep your stops tight if you are long and give them room if you are short.
-PriceProphet
Ugly is here!
Two weeks ago I issued a warning regarding a price break down to the zone we are currently in (4007.23 - 3867.02) - Welcome to the zone.
Last week was violent in the emotions department with massive negative - then positive - then negative again swings.
This week may (fingers crossed) play a little calmer.
Last weeks range of 109 points met the mean of the ATR. Using the mean (110) and giving 67.98 points toward the negative attitude, leaving 42.02 points to the upside.
From the current close, 42.02 points would be ~4012 (retest the top of the zone). The potential low will be ~3902.
Keep your stops tight if you are long and give them room if you are short.
-PriceProphet
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