vol surge, previous low so might be a rebound here then we'll see.
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mini rebound target. exceeds it then bulls are serious.
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Risk on bear from this juncture is few handle lost.
Reward : new LOD will take out 5 DMA (SPX) and Hourly 2x bottom on Hourly /ES. lots at the stake here., I am selling here stop if HOD. if no new HOD to take me out I plan on sleeping with it.
I am going for a walk...will be BAK.
My comments are for entertainment/educational purpose only. NOT a trade advice.
mini target met, rebound shall have small legs if not the low was in.
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SPX .. expanding orange wedge minor, or bear flag.. RS red neckline.. we stall in this zone.. and break back down.. new lower targets. Would need VIX to break out
I have a system that is something like 43-2 over the past 9 months. I finally decided to risk a little mad money on it today if I got a buy signal. I got it maybe 30 minutes ago, only it blew right thru the signal and went up a lot higher before I could buy. So I bot.
Absolutely straight down ever since lol. Could be the third failure in 9 months.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23