SPX flagging, there is a good setup for a good size gap down
SPX flagging, there is a good setup for a good size gap down tomorrow.
Again has to gap down below 4255-57SPX to mark the top being in place (reference to March topping pattern)
If we gap down to 4189-4207SPX (the bottom of the channel) and hold it early from the open, then I will go long for a move up into the close.
If this is what will play out, then we should re-test 4308.50-23 on Monday with a gap up and crap.
So must watch number for tomorrow is 4189-4207. Must gap down below 4255 to have this setup more probable!
Some good setups are coming, just need to be patient.
Maj resistance is at 4308.5SPX on closing level.
Again has to gap down below 4255-57SPX to mark the top being in place (reference to March topping pattern)
If we gap down to 4189-4207SPX (the bottom of the channel) and hold it early from the open, then I will go long for a move up into the close.
If this is what will play out, then we should re-test 4308.50-23 on Monday with a gap up and crap.
So must watch number for tomorrow is 4189-4207. Must gap down below 4255 to have this setup more probable!
Some good setups are coming, just need to be patient.
Maj resistance is at 4308.5SPX on closing level.
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