Current S&P Lay of the Land

2020년 5월 29일

Currently, the S&P500 is coming to termination of a huge rising wedge.

Price is currently within another minor rising wedge and its support coincides with the 200 MA (equivalently adjusted to 1200 for the 1HR chart).

There are alot of supports along the way so expect a hard fight, but it is possible they will slice through like dominos as well.

2880 remains the ES bull bulwark - after breaching that, it's a clear run to 2724.

I am bearish biased and positioned.

2020년 5월 29일

코멘트

So we pumped off that smaller wedge support + 200 MA.

Next stop now is rising wedge tops, if the price gets there, it's literally giving away free high return low risk reward setups.

2020년 6월 3일

코멘트

This is normal? 30 min ES



Minor wedge resistance. I have a small short position on morning highs.

2020년 6월 3일

코멘트

I have a fear they are readying up the pump to hop over this minor wedge and go straight to the major wedge in one shot.

2020년 6월 3일

코멘트

30 min with 2 & 3 sigma bollinger bands

2020년 6월 5일

코멘트

Tomorrow is the day.