S&P 500 IndexShort
New bottom in Q1 2024
Updated
In recent weeks, it appears that market makers have managed to generated significant hype around positive news to get the market excited.
However, it looks like they immediately capitalize on this momentum and sell off their bags.
A good example of this behavior is when
NVDA last week reached alot of liquidity above $500, only to then dump.
If we align the speed of the market pullback with the resistance line indicated in yellow, the possibility arises for a new bottom in Q1 2024.
However, it looks like they immediately capitalize on this momentum and sell off their bags.
A good example of this behavior is when
NVDA last week reached alot of liquidity above $500, only to then dump.If we align the speed of the market pullback with the resistance line indicated in yellow, the possibility arises for a new bottom in Q1 2024.
Note
🥩Note
Decreasing short exposure for 1 - 2 weeksNote
🥦Note
Potential hidden bearish divergence 🥩Note
A pullback to 4400 or something more 🥩
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