Bumping into the gap fill area here
At 4400
80-100 point retrace from 4390-4411 is a high probability
At 4400
80-100 point retrace from 4390-4411 is a high probability
The S&P will top at 4540-4601
- Thread starter volente_00
- Start date
short trade is overstayed down here
Long from 4151-55 area on spx for a bounce is all I got for now
I still see value in this area
I would not get greedy
Dude, where you been? I've posted this chart in the ES Journal already.
Still channeling
But after 5 % and 2 gaps the long trade is getting overstayed
My spx range for the next 3 months is now 4080 to 4681 but i want to see lower spx gaps filled first before a run over 4400 can transpire
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Yeah, I was thinking we might be reversing at 4350 ES today. As I'm writing, it's trading at 4390.
At this stage, 4440 is the likely target. Not sure where will be in 3 months though. Need to reevaluate as things unfold.Yeah, I was thinking we might be reversing at 4350 ES today. As I'm writing, it's trading at 4390.
IHS on spx in the works
Short the neck 4375-4400 spx
Flip at the shoulder and gap fill below
Objective is 4645 spx from there
Calling any area a top is a big mistake. We are pushing 9 days in a row of green. Look at this thing, can't sustain more than pennies red, before all the FOMO buyers step in.
It can leave as many gaps as it wants. This is the most unstoppable market ever in the history of mankind.
It can leave as many gaps as it wants. This is the most unstoppable market ever in the history of mankind.