SPX - 1.272 Top

Been posting on Nasdaq mostly and not so much on SPX but anyhow lets take a look.

SPX appears to be topping at the 1.272.

UT UpThrust today followed by fast slump appears to be a completed distribution top, may perhaps bounce to LPSY

Also hitting the 4H 200MA resistance.

The trend has been choppy and having popped above the upper median line i think it gets back to the lower median line which is also the dotted swing low trendline.

Not advice

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Little probe higher and NDX pumping to 1.618, i'm loading up short positions on overextended stocks that do seem to turn before indexes KBH BA HON XOM C and a little cheeky COIN short as well as shorting SPX.

Rug pull coming I think 🤔.

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Probably a fall coming this week. Plenty of bearish div and looking ready to flop through the trendline and down.

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Dum de dum...

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Potentially on the brink here.

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Wibble Wobble

Added to short positions, it could get ugly soon.

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Moving on up with an enormous gap today. I'm going to be looking at the 1.618 as a potential reversal point.

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Gap up again and shakeout reversal pattern with big wick through 1.618 and bearish body. Thats probably the top. Bought more HON short and also now shorting CBU as well as adding to SPX short.

Look out below 😸.

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