“Squares à la Gannesque, nouvelle cuisine ” for Sunday Brunch:
Considering the general state of crazy incertitude, we should probably look at some “serious” support levels.
I have:
1 = 1317 to 1313 zone
2 = 1295 zone (which is now only a previous “support projection” and WILL FAIL)
2 = 1283
On SPY front, the daily negative D is in the making, need to see new high first though. for patient bears, the pay out is close or risk level is getting lower, bulls tight stop never hurt.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Tech is strong so's the financial short term, but risk of negative divergence are high on the horizon. Good luck trading all, and Thanks to Cobra who made all this fun and exciting board.
Attachments
My comments are for entertainment/educational purpose only. NOT a trade advice.
SPX monthly & Lady’s Windermere Fan: already bearish
…where a first drop through the ascending support Fork line (green, now ~1295) can take us fast to 1212, followed by 1145 and 1050...
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On this monthly chart, only essential reversal levels, when marked by the Fan, were singled out.