Based on 2022 trading history, bulls have 0% chance of up week.
*** This is not saying "There is 0% chance" ***
Just to give some context on where we are, because a lot of people seem to have become bullish (And furthermore want to tell me about it) - if we repeat the norms of the price action in 2022, SPX will not go up next week. It will be a down-week. In 100% of the cases we've had any one of these signals, the market has went down.
And we have all three at the same time.
There's no certainties in trading, but there are odds. And I fancy mine on the bear side.
Just to give some context on where we are, because a lot of people seem to have become bullish (And furthermore want to tell me about it) - if we repeat the norms of the price action in 2022, SPX will not go up next week. It will be a down-week. In 100% of the cases we've had any one of these signals, the market has went down.
And we have all three at the same time.
There's no certainties in trading, but there are odds. And I fancy mine on the bear side.