NOT TRADING ADVICE I see two scenarios at the moment. 1. Double Top which is pretty obvious from the chart. 2. Bullish Gartley around 2625-2627 (caveat, just learned about this advanced pattern) Leaning toward SCENARIO 2. REASONING Yesterday's SPX500 Daily candle was bearish but not engulfing. -We have also seen support coming in at 2625 recently. -If we...
NOT INVALIDATING MY RECENT IDEA () but closed my short at 2625 from a 2634 entry today. EXERCISING NO EMOTIONS. REASON Swapping over to my preferred way of tracking S&P, symbol 'SPX500'. -Notice 1hr oversold -Hovering around 1hr support of a bull flag which makes me think we may just be consolidating in a bull flag -We just hit point #1 on chart again which...
The chart lays out what I think could possibly happen beginning tomorrow. DO NOT TRADE. NOT A PROFESSIONAL.
DON'T TRADE THIS. I'M NOT A PROFESSIONAL. -Was the pattern we broke down from all-time high an H&S or Double Top because I believe this effects the neckline which is our major resistance. -Seems like most of us had this resistance wrong from the start around looking at 2630's which appears to be the support (now resistance) from a giant bear flag. We just...