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May head lower now.

In which case 3,980 is 50% of the range low from the 19th and 23rd's high (ES). I am expecting a deeper correction into 3,700 SPX.

You slut! :D

Yet, as overall this is still a multi-decade bull market, (see B1's post about S&P being an uptrend only market), so the risks are to the UPSIDE, one of an explosive rally as fund managers who have badly gotten the market wrong panic buy propelling the Stock market driven by FOMO rather than...

Thanks for your insight V!

I have followed them for years, some over 20 years now, they all make mistakes at times, just like any of us, it is the confluence of what they are seeing right now, not whats gonna happen today or tomorrow perhaps, but a somewhat bigger picture and when right, that is how bigger bucks are made...

Some snippets from folks I pay attention to, all have amazing skills of reading a chart, as well as an overall grasp on what's going on. We have a higher low, yet downtrend remains unbroken, shall we get a higher high with a break of the TL or yet another selloff? G.W.: L.C.: O.C.: N.W.:

caveat: providing low holds.

You don’t want me to patronise you buddy, so I will let you answer your own question haha. Point is, you can be right or wrong here, same applies to my drivel.

Perhaps I misunderstood your post, higher lows don’t carry 100% probability, since you know this, it’s probably me ;)

Higher low could be a fake one too, only time will tell.

But trendline is intact.

I’m still going with correction as next move and not breakout out of the downtrend.

yeah, it's a 50/50 at the moment IMO, is momentum going to continue to the upside beyond the TL or index corrects before making another push higher?

Busted! Another loss.

Sold again, tiny stop

and out for small loss

Trying to sell it here