Update to:
4250 broke. Low broke. Sharp correction in.
Now positioning for a potential big bear break.
4250 broke. Low broke. Sharp correction in.
Now positioning for a potential big bear break.
Nota
We're approaching the moment of truth. Let's see how things go.
Trade ativo
4120 has potential to be a massive support or a huge failure level. Stops trailed to 4133 - 4143 now on accumulated shorts. Swings above the last high.
Nota
The week closed 4120. A critical level I highlighted as pivotal in 2021 before we first hit it. I suspect the 4120 decision will ultimately dictate the direction of the monthly trend.
Nota
Would much prefer gap up and early rally on Asia open to 4145 for positioning. Closing on support usually means a gap.
If nothing bad happens over weekend gap up is more likely.
Bad news and we might see a big chart news supported gap break. Those are nasty. 3800 could follow that.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.