After a 50% correction, after an A-B-C structure correction, after the breaking an Ending Diagonal I wait for a new low in S&P500.
How far will it fall? Who knows?
I expect a double bottom at least or more, but the minimum target of 2500 also would serve 3RR.
In rising correction, I will search for a short position. Aim, Aim and FIRE!
The S&P500 must not move above 2850 if this bearish reversal view is correct! but on the other hand, if the S&P500 would go above 2850 even I do not expect to see it above 2900!
How far will it fall? Who knows?
I expect a double bottom at least or more, but the minimum target of 2500 also would serve 3RR.
In rising correction, I will search for a short position. Aim, Aim and FIRE!
The S&P500 must not move above 2850 if this bearish reversal view is correct! but on the other hand, if the S&P500 would go above 2850 even I do not expect to see it above 2900!
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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.