Summary of yesterday's idea and trade
-SPX is like my puppy, following my levels exactly
-From my yesterday's post, you should be up about 60-70 points, each contract ($50/pt) = $3000+ profits
Tonight's zone
-Fib levels
-Supply zone
-1/4H trendline
-Exp triangle trendline
-4H MA
-4550 psychological level
-Measured move from yesterday's push (60.3 points)
What more do you need? With so much confluence at a level, I will short it as a day-trader.
As a swing/position trader, I will enter long as it goes down to trap all the bears.
Analyze, think and consider
1) EVERYONE is hedging on this "bear move", so who will benefit? Consider the repercussions, MM's next move and $VIX.
THINK!!!
2) Whenever FED tightens or raise interest rates, is the effect immediate? And how long before the effect goes into the market?
Once again, refer back to previous data and THINK!!!
3) PMI, Oil and Yields are indicating this is not yet the bear market.
WAVE 5 Characteristics
-Low volume
-Usually at 61.8% or 100% of Wave 1
-Liquidity created through MM's buying on the hedges and stops
TAKE NOTE:
In response to all the DMs, I do not provide signal service, discord or tutorial
Follow to see how 0.01% real traders win.
-SPX is like my puppy, following my levels exactly
-From my yesterday's post, you should be up about 60-70 points, each contract ($50/pt) = $3000+ profits
Tonight's zone
-Fib levels
-Supply zone
-1/4H trendline
-Exp triangle trendline
-4H MA
-4550 psychological level
-Measured move from yesterday's push (60.3 points)
What more do you need? With so much confluence at a level, I will short it as a day-trader.
As a swing/position trader, I will enter long as it goes down to trap all the bears.
Analyze, think and consider
1) EVERYONE is hedging on this "bear move", so who will benefit? Consider the repercussions, MM's next move and $VIX.
THINK!!!
2) Whenever FED tightens or raise interest rates, is the effect immediate? And how long before the effect goes into the market?
Once again, refer back to previous data and THINK!!!
3) PMI, Oil and Yields are indicating this is not yet the bear market.
WAVE 5 Characteristics
-Low volume
-Usually at 61.8% or 100% of Wave 1
-Liquidity created through MM's buying on the hedges and stops
TAKE NOTE:
In response to all the DMs, I do not provide signal service, discord or tutorial
Follow to see how 0.01% real traders win.