updated 4hr sp500 futures chart rounding top w/ H/S pattern
from the 5th wave we saw a rise to 4000 on the spx, however momentum is breaking down and there is a rounding top pattern forming here w/ a head and shoulders inside it... bearish, shorting to C wave 3856 area needs to hold or we trade below jan-dec accumulation levels
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A-C-E Sets up the inverted head and shoulders on the 4hr chart
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30min time frame
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1hr time frame of $spx (futures) similar patterns, likely leads us to sell off in the premarket
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updated view
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any bounce should be considered a short opportunity
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Speaking of Bounce, on a prev. chart. I showed the rising wedge, look for possible bounce near 3885
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Wave 1, previous resistances... previous resistances should test as support area if you truly believe this is a bull market. If it fails, and its possible (after a brief bounce) then look for price action trade under Dec-Jan consolidation
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If we trade under Dec-Jan consolidation, then take a look at this chart
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you see the Daily rounding top now above? But notice on this thread we're on the 4hr time frame (this thread/post)... that bearish sentiment could easily carry over to the daily time frame. this is why you have to trade between multiple time frames.
Trade stängt manuellt:
load up on these $spx $spy calls out the gate this morning going be bullish til the end of the week then switch back to puts/bearish positions.. $3885 on sp500 futures bounce
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why I closed my short positions
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looking for $3950-3960 bounce back to the 5th Wave
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looking for bullish reversal set up here
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and boom
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Handel aktiv:
I hope yall in profits, shorts are back on
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cup and handle forming , im short the handle... handle could fail here ... but im risking it.. based on my TA
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notice the rejections inside the handle that is forming, the next move will be very similar to the move up from 3885
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head and shoulders money flow
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head and shoulders inside the cup and handle pattern
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3950 was the buy zone, will likely re-short 3997
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shorts is back on since the c wave buy from 3950
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there is a bullish cypher in disguise
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step into the mind of a market maker.
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live chart
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monitoring this abcd pattern set up
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took profits on intraday looking to add puts here above $400 spy
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push it to 400
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this is a buy level
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dumping of the dividends
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1hr double bottom by Ad+ price action . you dont have the 1hr h/s breach yet, only on smaller time frames
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price action breakout
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405 still my target for this next run up bullish cypher pattern set up
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I took profits above and currently short spy via puts.. looking for 402 to print
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why im in puts
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Trade stängt manuellt:
we bounced off the 5th wave. Closed shorts Friday. looking for a move up to $398 Spy minimum retest, and potential move to $408.. Long positions tonight enter on futures, and looking to short inverse bear etfs financials, bear etf on sp500 like spxs at opening or near
