SPX:
Ok so this is my revised outlook for SPX.
It looks like it has probably topped at the 4 hour 200MA, although with possible whipsaw it could well tag the MA again, though I'm guessing not.
You can see it has drifted out of the ascending channel and forming a dome shape as upside impetus has waned. This will likely lead to impulsive downside soon.
And so, I'm still bullish mid term even with a fast collapse here, but I am bearish and short in the short term.
If the bull market or a big bounce is on then I think its going to be quite a struggle at first - probably, not definitely, there is a lot that can happen.
But I think the blue retracement band getting hit is now likely considering this doming and it can potentially re-test this long term 1.618 fib taken from the first 3 major pivots.
That may prove to be a good area to buy back in and I will sell my short by then perhaps 👍.
Not advice.
Ok so this is my revised outlook for SPX.
It looks like it has probably topped at the 4 hour 200MA, although with possible whipsaw it could well tag the MA again, though I'm guessing not.
You can see it has drifted out of the ascending channel and forming a dome shape as upside impetus has waned. This will likely lead to impulsive downside soon.
And so, I'm still bullish mid term even with a fast collapse here, but I am bearish and short in the short term.
If the bull market or a big bounce is on then I think its going to be quite a struggle at first - probably, not definitely, there is a lot that can happen.
But I think the blue retracement band getting hit is now likely considering this doming and it can potentially re-test this long term 1.618 fib taken from the first 3 major pivots.
That may prove to be a good area to buy back in and I will sell my short by then perhaps 👍.
Not advice.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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。