SP500 looks weak 🦐

15 sept. 2022

SP500 on the 4h chart has retested perfectly the 0.618 fibonacci lelevl over a weekly resistance.
The price is now trading above a daily support and a break below will show further signs of weakness.

I will wait for a clear break on the 4h chart and if that will happen i will be looking for a nice short order according to the Plancton's strategy rules.

––––
Follow the Shrimp 🦐

Keep in mind.

• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.


Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.

15 sept. 2022

Note

a break will be needed first to consider a new position

16 sept. 2022

Note

as expected

19 sept. 2022

Note

a series of lower lows lower highs, the trend is your friend until you ll recognize a sign of reversal

20 sept. 2022

Note

break and retest, waiting for the FED

22 sept. 2022

Note

another 5% move in our favour

23 sept. 2022

Note

moving lower as expcted

26 sept. 2022

Note

new recent low for a 7% call

27 sept. 2022

Note

short term retracement to the upside

28 sept. 2022

Note

choppy lower low for a 8.47%

29 sept. 2022

Note

retest of the resitance

30 sept. 2022

Note

new recent low ahead

3 oct. 2022

Note

typical beginning of the month move