SPX - Big Gap
SPX may have printed an exhaustion gap today at the upper end of the phi related fakeout reversal area mentioned previous - up to 0.75 now. Any further and it will likely continue on to challenge the highs and so I have added a short at the close here as it wont take long to see if its a reversal.
As described before I think this can be a 1:1 WXY to see SPX head down to 3959 and lower. This could be a good entry to hold for the crash if it reverses in this area.
Also notice how the potential X wave went soaring up exactly as the golden cross occurred. Thats probably not a coincidence - this was a technical wipe-out wave.
Also can be forming a H&S with right shoulder overshooting.
Not advice.
As described before I think this can be a 1:1 WXY to see SPX head down to 3959 and lower. This could be a good entry to hold for the crash if it reverses in this area.
Also notice how the potential X wave went soaring up exactly as the golden cross occurred. Thats probably not a coincidence - this was a technical wipe-out wave.
Also can be forming a H&S with right shoulder overshooting.
Not advice.
Uwaga
Caught the exact top and SPX bounced with some overshoot at the $3959 1:1 fib as described.Uwaga
Once upon a time I was a bear.
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