SPX oversold; near completion of ABC correction?

-10% on support at 3230. Could get lower, might bounce and sell once more. Falling wedge; a bear trap IMO

See related post on QQQ; not investing advice; trade at your own risk! GLTA

Trade ativo:

Got into Oct 324 calls when price around 323; look for higher on Tues to closeout. Chop not over yet IMO; short covering rally again, as on Friday

Comentário:

Wow! Cut day's loss in half EOD...! Calls looking real good atm...holding for Tues

Trade fechado: objetivo atingido:

Flipped the calls in AM rush, +33%

Comentário:

Expect another sell soon, retest lows or a higher low, probably Thursday but could start Weds PM IMO

Comentário:

Wow look at the perfect Bear Wedge! Terminating in the resistance zone ~3320 from 9/08-11-17; perfect short entry IMO

Trade ativo:

Played it up and down; back in cash; is this a 2 wave down in an emerging 5-wave impulse? Friday will tell IMO

Comentário:

News noise over Trump infection has closed the gap at 3305; expect higher again soon IMO