SPX'S Fans, Omicron "Permiting" W R in a trough or closing in onone. The general direction is still uptrend nothing is changing except news from Europe's lock downs. Unless November 22, 2021 was our top
then we will get a trough soon.
*By the end of today we might see some changes in some indicators signaling a shift of direction, we need to "Reevaluate" after the close
to get a confirmation !
Boucneback
SVXY - easy way to find bounce back daysSo on the SVXY any time we have a very large spike to the down side pay attention to the price rejection on the bottom of the red candles with extremely large wicks 9 times out of 10 the following day we have a solid green day. Today is only the second time in 2021 we have had bad to back extreme dips with a slight green day in between the two huge red candles but as i mentioned pay attention that todays candle does not have a long wick meaning buyers are not rejecting this lower price which could mean tomorrow should be a continuation for todays price action. there are many other ways not just this one but this is a frequent one i watch which has helped me out tremendously