SPX the 3,854 (20% decline from highs) and 3,815 Fib which
aligns with the pivot point are now in view. I posted these prior
as some targets for hedges. Will continue to play levels. Still
traveling, seeing my Mom in the nursing home. Setting notifications
and not watching every tick as usual.
Good to see the bear long system with an entry here. Hoping for
a good flush to that bottom pivot and deep oversold. Was speaking
with some derivative guys and they want to see contracts go from
40s to 60s million for the capitulation. Thanks for the great
coverage and conversation here.
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SPX the 3,854 (20% decline
Posted by fundamentalvalues on 12th of May 2022 at 08:16 am
SPX the 3,854 (20% decline from highs) and 3,815 Fib which aligns with the pivot point are now in view. I posted these prior as some targets for hedges. Will continue to play levels. Still traveling, seeing my Mom in the nursing home. Setting notifications and not watching every tick as usual.
Good to see the bear long system with an entry here. Hoping for a good flush to that bottom pivot and deep oversold. Was speaking with some derivative guys and they want to see contracts go from 40s to 60s million for the capitulation. Thanks for the great coverage and conversation here.