SPX: Market Crash or Bargain Hunting?
Volatility is back bitches. We have seen more 1% swings since the beginning of 2018 than we saw all of last year! While that may be scurry if ur managing portfolios, its exactly what I love to see. More swings, more opportunitys, more trades, more profit. But lets jump into the chart shall we.
The big thing we see here is a big PHAT double top. And whenever we get a sloppy toppy you know what we do. Its time to short to the neckline (In green). Additionally, we just broke down another bear flag. Looking for a 2% upside with a stop loss around 1%.
If we see the double bottom its very likely we rebound and continue the bull market unless we see a catalysts. But hey, from how these past two weeks have been, I wouldn't rule anything out.
Until next time,
Happy Trading
The big thing we see here is a big PHAT double top. And whenever we get a sloppy toppy you know what we do. Its time to short to the neckline (In green). Additionally, we just broke down another bear flag. Looking for a 2% upside with a stop loss around 1%.
If we see the double bottom its very likely we rebound and continue the bull market unless we see a catalysts. But hey, from how these past two weeks have been, I wouldn't rule anything out.
Until next time,
Happy Trading
Kommentera:
flipped my trade once we broke up
oh jeez... rlly teetering arent we.