you can see that lower high rally had a perfect resistance
cycles where price stalled
currently there's a support cycle on the indexes here - price
either finds support or...if price strongly moves through the
support cycles here that would be indicative of a trending wave 3
move -being a Friday wouldn't surprise me to see that
quite oversold here short term though - lunch time so maybe get
some chop weak bounce to look to short into again. Otherwise the
market is vulnerable to a crash scenario
yes - hope some of you shorted that bounce - here's the 5 min -
the SPX bounced back to resistance 30 min ago , tested that
breakdown area, was the area to load more
you can see that lower
indexes 5 min cycles
Posted by matt on 29th of Apr 2022 at 12:36 pm
you can see that lower high rally had a perfect resistance cycles where price stalled
currently there's a support cycle on the indexes here - price either finds support or...if price strongly moves through the support cycles here that would be indicative of a trending wave 3 move -being a Friday wouldn't surprise me to see that
sliced right though those cycles
Posted by matt on 29th of Apr 2022 at 12:55 pm
sliced right though those cycles like butter
quite oversold here short term
Posted by matt on 29th of Apr 2022 at 12:57 pm
quite oversold here short term though - lunch time so maybe get some chop weak bounce to look to short into again. Otherwise the market is vulnerable to a crash scenario
Great call Matt. Little bounce
Posted by johnny2012 on 29th of Apr 2022 at 02:06 pm
Great call Matt. Little bounce and right back down. Do you have any target zones on ES. 4136 is what I was looking at.
yes - hope some of
Posted by matt on 29th of Apr 2022 at 02:33 pm
yes - hope some of you shorted that bounce - here's the 5 min - the SPX bounced back to resistance 30 min ago , tested that breakdown area, was the area to load more
nice, thanks
Posted by retirefire on 29th of Apr 2022 at 02:49 pm
nice, thanks
I did as well. Great
Posted by bpozdoll1717 on 29th of Apr 2022 at 05:04 pm
I did as well. Great call. Nice to be making $ when the market goes down.
Haven't seen a warning message
Posted by kevindeng0727 on 29th of Apr 2022 at 01:48 pm
Haven't seen a warning message like this for a while lol. - Respect risk.