LHollingworth

S&P Harmonics on low time charts

CAPITALCOM:US500   US 500
It would seem smart money institutions are planning something of a bearish move but when looking at the harmonics along side DAX, which is usually closely following, they're worryingly different. This could be the reason for such a snail-paced day.
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Currently have a TP at 3910 but will trail it, along with the SL as it continues down.
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Strong support at 3950... Hang in there.
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It broke the flag to the downside on the 15min. Just hoping it's just flirting with the downward trend line and bounces down off it if it manages to pop up that high.

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Flag on the 4h... Let's see if it holds.

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It's come up for air around 4000. My SL is above there... Sitting on hands.
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You can see on the delta reference to the left that buyers were levelling on the 4000 "top-tickers" but then new buyers came in and the delta switched... It will be a fun day!

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Currently hedging to ease the bleed.
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Strong delta divergence sell off.

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Strong delta divergence confirmed on 1h too.

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