Dear Trading View Fam,
I will throw everything at this level as I have a bias that the bottom for the S&P has been reached. My speculation is based around that by the time the good news comes out and the sad news of unemployment numbers increasing, the bottom is nearly always in before hand. I think we have reached peak fear and fear itself has become a bit of a bubble.
Even if the bottom is not in a reasonable rally needs to happen before we even consider going lower. As price doesn't go up forever, it also doesn't go down forever.
This is my personal strategy and have no fear max bidding the running of stops below 3600 and closing of gap. I think earnings come out relatively neutral and that should be the catalyst to sweep the 3600 levels.
On the lower time frame it should look like a reverse head and shoulders pattern.
A small reminder that what I will do is considered to be classed as an irresponsible trade and please don't copy trade. However for me my gut is telling me buy and TA is telling me to sell. I'll go with my gut on this one.
Have a great week all.
I will throw everything at this level as I have a bias that the bottom for the S&P has been reached. My speculation is based around that by the time the good news comes out and the sad news of unemployment numbers increasing, the bottom is nearly always in before hand. I think we have reached peak fear and fear itself has become a bit of a bubble.
Even if the bottom is not in a reasonable rally needs to happen before we even consider going lower. As price doesn't go up forever, it also doesn't go down forever.
This is my personal strategy and have no fear max bidding the running of stops below 3600 and closing of gap. I think earnings come out relatively neutral and that should be the catalyst to sweep the 3600 levels.
On the lower time frame it should look like a reverse head and shoulders pattern.
A small reminder that what I will do is considered to be classed as an irresponsible trade and please don't copy trade. However for me my gut is telling me buy and TA is telling me to sell. I'll go with my gut on this one.
Have a great week all.