SPX lurching into the abyss

24 juin 2020

Sorry, it's late and I'm tired but wanted to get this out, if for nothing else than to buildup some ideas and interesting things i've seen.

This is really an update of my idea a couple of days ago on the gap down being a flag than has simply been gap filled over than past week.

I'm seeing open gap down, lower than 3115, maybe (news/pump/asia dependent) we could even get down into the 3060s before open.

24 juin 2020

Transaction en cours

Short from 3118, additional tier at 3103

24 juin 2020

Transaction en cours

Developing nicely -- looking at a jump either way with crude inv. release

24 juin 2020

Trade fermée: cible de profit atteinte

Reached my target of 3024 before riding the waves up and down, tight stops around the consolidation zones. Megaphone rally was nice for the way back up and took profit at the 2day VWAP. Was only 2 pips off the peak, clear sign that the rally was a pump and dump as I suspected since it really was going against the rest of the day.

I have one short left (mes) which is my long term short from 3185 with a stop moved down to 3100 that I use for overnights when I don't get too bullish of a vibe.