Indeks S&P 500
Short
Zaktualizowano

Time to slam?

882
Update to:
If next supports break, might see a rug pull.


4250 broke. Low broke. Sharp correction in.

Now positioning for a potential big bear break.
Uwaga
We're approaching the moment of truth.

Let's see how things go.
Zlecenie aktywne
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.
Uwaga
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.
Uwaga
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.

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