SPX - Phase 2 Shorts

At some point sooner or later in this descent SPX will most likely bounce and tag the 4H50MA and fall again.

And so I will be waiting for shakeout reversal pattern candles at the 50MA to enter various stocks in a good position for entry at that time to hold through the crash.

Or if price moves through then I will wait for the cross back + bearish momentum candles.

A little 4H RSI divergence already so could be coming sooner, or not - we'll see, it doesn't really make a difference.

Not advice.

Commentaire:

Ok so some kind of bounce is on here. Also the 4H200MA may have an influence, I wont be adding any positions there and perhaps it will get to the 50MA. Lets see.

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SPXUSD hitting the 4H500MA. If this bounce is going to be a minor blip it will likely back down here. Idk which obviously just watching and waiting.

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Looking quite corrective, its looking good for downside confidence, not sure if it will get to the 50MA though, maybe.

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SPX is at the 4H50MA lets see what happens.

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Indexes are looking very bullish and so i'm now looking for longs not shorts and staggering out of short trades. May be a pull back, we'll see how triple witching works out.

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Ok thats a fairly enormous dump and that will nullify the bullish trend. Could be bearish from here. Lets see.

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Full bear 🐻.