Bumping into the gap fill area here At 4400 80-100 point retrace from 4390-4411 is a high probability
short trade is overstayed down here Long from 4151-55 area on spx for a bounce is all I got for now I still see value in this area
Still channeling But after 5 % and 2 gaps the long trade is getting overstayed My spx range for the next 3 months is now 4080 to 4681 but i want to see lower spx gaps filled first before a run over 4400 can transpire
Yeah, I was thinking we might be reversing at 4350 ES today. As I'm writing, it's trading at 4390. At this stage, 4440 is the likely target. Not sure where will be in 3 months though. Need to reevaluate as things unfold.
IHS on spx in the works Short the neck 4375-4400 spx Flip at the shoulder and gap fill below Objective is 4645 spx from there
Calling any area a top is a big mistake. We are pushing 9 days in a row of green. Look at this thing, can't sustain more than pennies red, before all the FOMO buyers step in. It can leave as many gaps as it wants. This is the most unstoppable market ever in the history of mankind.