Commencez
Vixtine

1 Day followed by a 3 Day Bearish Island Reversal

Short
L'indice S&P 500 (SP:SPX)  
Vixtine Mis à jour   
SP:SPX   L'indice S&P 500
Trend Analysis Chart Patterns S&P 500 (SPX500) SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY) S&P 500 E-Mini Futures
22
5
trendanalysis chartpattern spx500 spx spy es1!
For all the BTFDer’s trying to figure out where to "go long”….please take a break right now and stop trying to pick a bottom.

IMO a dangerous flush down could form from this type of set up.

Might I remind you of the same bullish set-up that formed from the Covid low:
snapshot

Commentaire:
Scaling into a short position now with a SL at 3670 based upon the following
snapshot
Remember, nothing is guaranteed in trading. This might NOT turn out to be a 3 day island reversal if the gap clears but if it is then watch out below.
Commentaire:
Average entry was 3636. SL moved to 3630.
Commentaire:
Remember: Island reversals are powerful but they must remain an island to maintain the power
Commentaire:
What a day today...quite a vicious reversal! Moved my stop this morning to yesterday's high so only a very small gain realized. As I've said before...the bulls need another 2-3 days of thrust action and then a solid HOLD upon consolidation for me to be a bottom believer! 3 day island reversal still exists in SPX however DJI island no longer exists as the gap was cleared so this has me a little perplexed therefore I'm back to SOH until I see a little more action.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.