The S&P 500 will top soon at 2925-2930
- Thread starter volente_00
- Start date
This is probably how those who are bearish shorts the market.
fib high 2950, 3 Oct 2018
fib low 2320, 26 Dec 2018
23.6% retracement shorted @2466 after 2018 Christmas.
38.2% ret shorted some more @2559 thinking market would go down.
61.8% ret shorted some more @2707 thinking market would surely
go down.
76.4% ret shorted some more @2800 thinking market would surely
surely surely go down.
fib high 2950 will short very very massively as the world will surely end.
________________
fib high 2950, 3 Oct 2018
fib low 2320, 26 Dec 2018
23.6% retracement shorted @2466 after 2018 Christmas.
38.2% ret shorted some more @2559 thinking market would go down.
61.8% ret shorted some more @2707 thinking market would surely
go down.
76.4% ret shorted some more @2800 thinking market would surely
surely surely go down.
fib high 2950 will short very very massively as the world will surely end.
________________
The BO was south in form of a broad channel when it took place. Now Friday 26th it is just in a range that will sooner or later BO north or south. LOL. ES is still in an uptrend. By no means has it become a bear as of yet. Odds favor it will BO above 2940 so I wouldn’t dance and sing too much yet. ROFLMAO. But this broad sideways ranges makes for good intraday trading in both directions.
Remember bear channels are bull flags. And they usually resolve in a continuation of the bull trend. If the unlikely happens and they DON’T then best to make haste go with whatever happens. Because, in such an unlikely case there will probably be a measured move down.
Nevertheless, odds favor a northern BO of the bear channel and the now present range behaviour. However, the longer the range goes without a BO the odds increase the BO can be in any direction. At the present moment they favor a bull BO.
Nevertheless, odds favor a northern BO of the bear channel and the now present range behaviour. However, the longer the range goes without a BO the odds increase the BO can be in any direction. At the present moment they favor a bull BO.
Last edited: