Expecting one today as futures look to be forming the B leg. C leg down to 3630-3600 area is likely a buy but it also may not get there. Next week should be positive.
Good luck!
Good luck!
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To the trendline on spx cash, if they fail here it's bearish . Please be careful
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broke down, aggressive short sellers could enter at retest of channel
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SPY retest of 363.5 area would be ideal for a short entry, going to wait and see if they can get there
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starting to look like one more wave down is possible on the indexes, would make sense as VIX never spiked yesterday on the move down
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it's possible spx wants to form a head and shoulders if they can bounce a little here
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no buyers yet but before end of day a bounce to 3644 on spx is likely from the structure I'm watching. The lower probability trade (one more lower or equal low next week) seems to be playing out. Will update if things change.
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Head and shoulders looks done, they couldn't get back over the neckline
