jmcoogan

jmcoogan

I initially shared this chart on a paid subscriber platform but am now offering it for free. I hope it provides helpful context. Please proceed with caution.

jmcoogan Updated 

Refer to the chart for two potential scenarios in the SPX: Bullish Scenario: A break and sustained hold above 6100 could confirm an upward move. Bearish Scenario: The current level may act as resistance, leading to a gap fill at 6050, followed by a retest, offering a strong shorting opportunity targeting 5750-5850.

jmcoogan

This was the SPX trading plan I shared on 12/15, and it's largely unfolding as expected.

jmcoogan

EW Count. Most have turned very bearish with the move this past friday. However, perhaps it's not as bearish as some are now predicting. Thoughts appreciated. Thank you, James