Recovery to 3000 - SPX500 ðŊ
Last week would probably let down those shorts in the market ð, because traders are BUYING THE DIPS!!! Actually, I have been one of those shorts wishing for a big DOWN move before figuring the whole thing out! ð
It seems that bulls are still in control, as what I demonstrated in above chart, an ascending channel is clear to us , right? Please , give me a 3000 in SPX !!! ð (what I say when I am holding calls)
Everyone is saying that there will be another big crash to come ðĶ , instead of believing that mainstream perception , I would say a prolong consolidation is more likely to happen before US president election, and the range would fall within 2600 - 3000 . Because bears didn't do their job in defending the 2600 zone (previously it was a demand zone).
With this assumption in mind, I would be engaged to do more swing trades and try to pick up the tops and bottoms in the zone. ðš
Disclaimer: My analysis is personal opinion only, guys you should find the most familiar patterns and signals to trade.ð
It seems that bulls are still in control, as what I demonstrated in above chart, an ascending channel is clear to us , right? Please , give me a 3000 in SPX !!! ð (what I say when I am holding calls)
Everyone is saying that there will be another big crash to come ðĶ , instead of believing that mainstream perception , I would say a prolong consolidation is more likely to happen before US president election, and the range would fall within 2600 - 3000 . Because bears didn't do their job in defending the 2600 zone (previously it was a demand zone).
With this assumption in mind, I would be engaged to do more swing trades and try to pick up the tops and bottoms in the zone. ðš
Disclaimer: My analysis is personal opinion only, guys you should find the most familiar patterns and signals to trade.ð
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Unfortunately the channel has broken, 2560 - 2600 level is our destination
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