SPX overlapped the first leg higher (3345.86) serving to negate
an impulse off the lows
Currently the indices are deeply oversold (NYMO new yearly lows)
so remain prudent and trail stops down on existing shorts.
The inverse ETF's have certainly provided excellent
hedges.
SPX overlapped the first leg
Posted by steve on 1st of Sep 2022 at 09:44 am
SPX overlapped the first leg higher (3345.86) serving to negate an impulse off the lows
Currently the indices are deeply oversold (NYMO new yearly lows) so remain prudent and trail stops down on existing shorts. The inverse ETF's have certainly provided excellent hedges.
But if the move off
Posted by mirhamedali on 1st of Sep 2022 at 09:56 am
But if the move off the lows was a leading diagonal then overlap between 4 and 1 are permitted.
Regardless the bears are clearly in control with lower lows and lower highs.