SPX can be at the begging of a very stip downtrend channel
מעודכן
Small disclaimer:
- Im not calling for a crash, but expressing a high chance (in my personal opinion based on my own homework) scenario to play out within a month time frame!
- When we are out of the crash window, I will reduce this possibility to bare minimum!
For this scenario to play-out (not a trading advice, just a possibility), we need a daily close below 3450-55SPX, then its in a clear fall.
- Invalidation point is a move above 3840-50SPX on closing basis. Then the whole pathway is a trash
Perfect first cycle low early Nov, if not last day(s) of Oct and main cycle low for this year is on week 21st of Nov (+2 or -1 day).
Supports are on the chart, again if it starts falling (which I think we will) soon.
First big low should come on the 24th of Oct imo.
Moon cycle crash window is from 20-24th.
If it misses, then no crash and maybe we just bottom at 34 handle or 32 handle (my ideal target all year) max.
Please keep in mind, that this is not my main pathway till 3450-55SPX is broken on daily level, must close below it, better for 2 days straight.
I will be updating support levels on the go (if this plays out), but main support levels (lines) are on the chart.
Will be updating more in this thread tomorrow with smaller timeframe charts
- Im not calling for a crash, but expressing a high chance (in my personal opinion based on my own homework) scenario to play out within a month time frame!
- When we are out of the crash window, I will reduce this possibility to bare minimum!
For this scenario to play-out (not a trading advice, just a possibility), we need a daily close below 3450-55SPX, then its in a clear fall.
- Invalidation point is a move above 3840-50SPX on closing basis. Then the whole pathway is a trash
Perfect first cycle low early Nov, if not last day(s) of Oct and main cycle low for this year is on week 21st of Nov (+2 or -1 day).
Supports are on the chart, again if it starts falling (which I think we will) soon.
First big low should come on the 24th of Oct imo.
Moon cycle crash window is from 20-24th.
If it misses, then no crash and maybe we just bottom at 34 handle or 32 handle (my ideal target all year) max.
Please keep in mind, that this is not my main pathway till 3450-55SPX is broken on daily level, must close below it, better for 2 days straight.
I will be updating support levels on the go (if this plays out), but main support levels (lines) are on the chart.
Will be updating more in this thread tomorrow with smaller timeframe charts
הערה
הערה
Tomorrow's levels of importance:Resistance:
- 3698.50
- 3798 > bullish
Support (really no maj supports till 3210SPX or):
- 3568
- 3540-45
- 3510-12
- 3480-85
כתב ויתור
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