Following on from my previous analysis, the S&P 500 is retracing it's 2nd wave towards the .786 .887 area, confluent with the .618 retrace from the ATH.
It'll entice the late bulls to go long and shake out the nervous bears, but I'm doubling down on my short entry here. See you at the bottom.
It'll entice the late bulls to go long and shake out the nervous bears, but I'm doubling down on my short entry here. See you at the bottom.
Trade active:
Short position opened @ 2948 with SL @ 2973.
I have a few target TPs on the way down: 2753, 2700, 2632, 2450 and perhaps all the way to 1720. We’ll see what we get.
I have a few target TPs on the way down: 2753, 2700, 2632, 2450 and perhaps all the way to 1720. We’ll see what we get.
