aziz92uddin

aziz92uddin Updated 

I expect a move to 408-410 area on SPY, possibly a sideways move, before a move down back to retest the 380s. If that does happen, I wouldn't be surprised for us to retest the 2022 lows. When? Soon. I think. But let's not play a week or a months game in a few hours, let this play out at it's out pace. I'll start building a short position after 407 is broken on SPY.

aziz92uddin

We may continue lower but at least a short relief rally is imminent

aziz92uddin Updated 

This was a much needed break from the rally from the consolidation we had in Dec. Maybe a day or two more of red before we move higher.

aziz92uddin Updated 

I believe we are going to retest the S/R at 3900. After that, a possible lower low can be made. But at least in the very short term, this is bullish.

aziz92uddin Updated 

A confluence of - 200 MA - 50% retracement from the ATH - Trendline resistance - Horizontal signifiant resistance - A breakout fake-out Will be going all in short at that confluence (yellow circle).