At some point sooner or later in this descent SPX will most likely bounce and tag the 4H50MA and fall again.
And so I will be waiting for shakeout reversal pattern candles at the 50MA to enter various stocks in a good position for entry at that time to hold through the crash.
Or if price moves through then I will wait for the cross back + bearish momentum candles.
A little 4H RSI divergence already so could be coming sooner, or not - we'll see, it doesn't really make a difference.
Not advice.
And so I will be waiting for shakeout reversal pattern candles at the 50MA to enter various stocks in a good position for entry at that time to hold through the crash.
Or if price moves through then I will wait for the cross back + bearish momentum candles.
A little 4H RSI divergence already so could be coming sooner, or not - we'll see, it doesn't really make a difference.
Not advice.
Note
Ok so some kind of bounce is on here. Also the 4H200MA may have an influence, I wont be adding any positions there and perhaps it will get to the 50MA. Lets see.Note
SPXUSD hitting the 4H500MA. If this bounce is going to be a minor blip it will likely back down here. Idk which obviously just watching and waiting.Note
Looking quite corrective, its looking good for downside confidence, not sure if it will get to the 50MA though, maybe.Note
SPX is at the 4H50MA lets see what happens.Note
Indexes are looking very bullish and so i'm now looking for longs not shorts and staggering out of short trades. May be a pull back, we'll see how triple witching works out.Note
Ok thats a fairly enormous dump and that will nullify the bullish trend. Could be bearish from here. Lets see.Note
Full bear 🐻.
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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.