Bear markets will tend to hold 76 retracements.
They do not often hit 86 fibs. Hitting 86 fibs tends to skew more to the reversal. This is why you always see me trading off 76 fibs. I know my zone of tolerance for where I am wrong is very small and I have at least 1:3 RR on the trade. The trade does not fail 60% of the time (Unless traded against a trend) - and this makes the 76 continuation trade a real no-brainer.
But when the 76s break, I get out. That's my exit signal.
Sometimes get whipsawed on these, but not very often. The risk for bears is too high now IMO. They need to get back under the 61 fib (20,700). I'd consider the bear case again if we did.
if not, we might be due to see a big squeeze of the chasing shorts.
They do not often hit 86 fibs. Hitting 86 fibs tends to skew more to the reversal. This is why you always see me trading off 76 fibs. I know my zone of tolerance for where I am wrong is very small and I have at least 1:3 RR on the trade. The trade does not fail 60% of the time (Unless traded against a trend) - and this makes the 76 continuation trade a real no-brainer.
But when the 76s break, I get out. That's my exit signal.
Sometimes get whipsawed on these, but not very often. The risk for bears is too high now IMO. They need to get back under the 61 fib (20,700). I'd consider the bear case again if we did.
if not, we might be due to see a big squeeze of the chasing shorts.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
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We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。