Price Action Precision on the SPX is unfolding right before our eyes.
Gotta Love how structured this market is.
The important Line/Zone is 3225 to 3200.
If that level is breached I would say the bears will have full control.
If the bulls can hold this line/zone then its back
to the races with 3500 as the first bounce target.
Gotta Love how structured this market is.
The important Line/Zone is 3225 to 3200.
If that level is breached I would say the bears will have full control.
If the bulls can hold this line/zone then its back
to the races with 3500 as the first bounce target.
Comment:
Starting a Short SPX position here at 3317. A combination of OCT/NOV Call Spreads and SPY puts. :) I am looking for this to be a 2 to 4 week swing trade. Target is 3150.
Comment:
Closing 50% of my trade here at 3243. Nice Trade! Will let the other 50% ride down to target levels. So far so good.
Comment:
Gotta love how price respected the 3225 price zone. Let's see how far we bounce up before the next leg down to 3150 unfolds.
Comment:
Back to the 3400 zone... this is a big area of resistance... let's see if the bulls can push through or get knocked back down to the 3200 zone.