Made a few threads on BA in this area now....
Obviously some risk of looking foolish saying something to be "best" before the event, but BA has been a real treat so far.
Incredibly limp to the upside and now while SPX is rallying it has nothing but weak corrective PA and tidily pushing up against the 50MA to print a very small gravestone doji shakeout reversal pattern.
The question remains though, will this fall like a rock on the next index leg down, assuming it comes.
My guess is obviously yes, very steep downside should be on the way - the effect to realise this long corrective cause.
Not advice.
Obviously some risk of looking foolish saying something to be "best" before the event, but BA has been a real treat so far.
Incredibly limp to the upside and now while SPX is rallying it has nothing but weak corrective PA and tidily pushing up against the 50MA to print a very small gravestone doji shakeout reversal pattern.
The question remains though, will this fall like a rock on the next index leg down, assuming it comes.
My guess is obviously yes, very steep downside should be on the way - the effect to realise this long corrective cause.
Not advice.
Note
If SPX has a big bounce this could potentially get back up to the highs, but in the end it won't make a difference, this is just a corpse in the ocean waiting to be flushed.Note
As I said - best short.Note
See you at $55.
Your FA guru can't read a chart💭
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I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
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Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.