Notice how we have tapped 4600 which an extreme overbought level. SPX must retest a lower level of 4380-4330 and if it does not hold it should freefall to 4200 in prep for Q4.
SPX has been in a bullish outbreak since march 2023 with only a slight dip in june 2023.
a correction is due.
I am using
SPXS
as the inverse of this play.
I do have a sentiment which is: when the Dollar is up, stocks are down and VICE versa.
We are noticing incoming strength from DXY which is causing a shorting of SPX and other index + stocks.
Trade wisely
SPX has been in a bullish outbreak since march 2023 with only a slight dip in june 2023.
a correction is due.
I am using
SPXS
as the inverse of this play. I do have a sentiment which is: when the Dollar is up, stocks are down and VICE versa.
We are noticing incoming strength from DXY which is causing a shorting of SPX and other index + stocks.
Trade wisely