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SPX D1: TP +650 points BEST Level TO SHORT IT(SWING/NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: US/Global stock markets are maxed out
::: US economy managed by team of degens
::: FED still raising rates incredible pace
::: global stock market entering recession
::: expect pullback/correction mode SOON
::: sliding S/R resistance at 3250 points
::: maxed out / overbought conditions
::: BEARS will take over from overhead
::: sequence of lower highs / lows lows
::: SHORT IT near MARKET target is 3250
::: Conservative TP BEARS is 3 250 points
::: unsustainable gains, pullback incoming
::: three drives BEARS setup / DUMP incoming
::: spells MAJOR trouble for the BULLS
::: BEARS taking over from overhead NOW
::: expecting CORRECTION to last next 3-6 weeks
::: distribution at the top in progress
::: will lose up to 15% during pullback/correction
::: There is no upside in this market now
::: Get out / trim exposure / or SHORT IT
::: RISK/REWARD shifting in BEARS favor
::: into BEAR mode soon
::: either way setting up for 15%+ correction
::: 4-6 weeks of correction incoming soon
::: better be prepared in advance
::: when there's GREED there's also PAIN
::: good luck traders
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment: BEARS/15% correction
::: Sentiment outlook short-term: BEARISH /CORRECTION
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.