SP500 $SPX $ES $SPY - Taking the stairs, down, down, down.

Zaktualizowano
We should visit the yellow steps.

The blue step is a bit of a stretch but not impossible. Today, my confidence for this target is at 60%. This will change over time. I'll try to provide updates when we move lower.

Good luck.

Anulowano zlecenie
Do not follow this idea! It's incorrect.

I've provided the new analysis here:

 $SPY $SPX $ES1! Another ATH this year - earnings season strong!
Zlecenie aktywne
Going back to this idea. I don't know what happened and why I changed my mind last minute before this move. Need to do some soul searching :)

Anyway I expect this to rip down to 262 shortly.

We will not revisit the top anytime soon. Few years. Markets will go lower I believe.
Uwaga
Playing out as expected. I wouldn't go long on the market just yet. Fear still a mindset and I expect more selling and one more bounce of the resistance. Possibly gap downs on open and rally up.

Some nice bounces coming soon during earnings.

snapshot
Uwaga
Target hit. We are in for a bounce until January.


snapshot
Uwaga
snapshot
Uwaga
Hitting the targets as defined. Click play on the main chart.
Uwaga
Bouncing a bit but should hit target. snapshot
Zlecenie zamknięto ręcznie
Closing this trade. I think we're at bottom and will be bouncing here shortly. Forget about the previous target for now. Might not happen for months.
ESputshortSPX (S&P 500 Index)S&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Trend Analysis

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