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$SPX - Chart Link- right at the downtrend line and 61.8% Fib
wave wise it looks like one big wave 3
As you guys have mentioned, price is now at a confluence and regardless of how it's counted, certainly looks like a leg down might happen soon.
we ran right into resistance trendline and the 61.8% Fib - to me that was a low risk area to take a short vs waiting for a reversal
Thanks Matt. Did just that right before the close.
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SPX 60 min
Posted by matt on 2nd of Feb 2022 at 03:59 pm
$SPX - Chart Link- right at the downtrend line and 61.8% Fib
wave wise it looks like one big wave 3
As you guys have mentioned,
Posted by rfa300 on 2nd of Feb 2022 at 04:08 pm
As you guys have mentioned, price is now at a confluence and regardless of how it's counted, certainly looks like a leg down might happen soon.
we ran right into resistance
Posted by matt on 2nd of Feb 2022 at 04:11 pm
we ran right into resistance trendline and the 61.8% Fib - to me that was a low risk area to take a short vs waiting for a reversal
Thanks Matt. Did just that
Posted by rfa300 on 2nd of Feb 2022 at 04:18 pm
Thanks Matt. Did just that right before the close.