Funny thing is, so far nobody has asked me yet: Hey Pek, just why did you call the SPX top at 3385? I guess I wait until someone gets curious enough....
So you were able to locate a conservative entry point, Short Side, as a result from this info... in which you would not be stopped out from noise??
I'll bite! Why did you? But just as interesting to me is where to from here? And is this the top that so many on ET have tried to pick for the last years now?
Not out of the woods, next week will see where we are truly headed. Too early to go all in. 3006 and below bullish territory but if 2980.00 floor breaks then its a different story.
old post but still relevant, price came to claim 3006.25. This was area marked from larger time frame. One signal has not aligned from larger time frame, will wait for coming week or two to better understand where we stand.