$SPX - Chart Link- clearly weakness the last
part of the day. Price closing right near that channel line.
Again the key support is that 4050 area. Sometimes you get the
opposite reaction the next day so we'll see how the market reacts
tomorrow
the chart shows bull the bullish option in green where we are
still in that wave 5 (cannot overlap 4050 and really it shouldn't
get much deeper than this
the scenario in red shows the bearish view wave i, ii
A lower high and a lower low is again today. A bearish scenario
does not want to die yet! And the high from February still stands,
which is called a downtrend! A break of the trend line overnight
will send us a lot lower. Lastly, Matt's DVDS system still
agrees with that logic staying open!
SPX 120 min
Posted by matt on 3rd of May 2023 at 03:56 pm
$SPX - Chart Link- clearly weakness the last part of the day. Price closing right near that channel line. Again the key support is that 4050 area. Sometimes you get the opposite reaction the next day so we'll see how the market reacts tomorrow
the chart shows bull the bullish option in green where we are still in that wave 5 (cannot overlap 4050 and really it shouldn't get much deeper than this
the scenario in red shows the bearish view wave i, ii
A lower high and a
Posted by junkie on 3rd of May 2023 at 04:05 pm
A lower high and a lower low is again today. A bearish scenario does not want to die yet! And the high from February still stands, which is called a downtrend! A break of the trend line overnight will send us a lot lower. Lastly, Matt's DVDS system still agrees with that logic staying open!
Gold is higher again today. It smells something!
Ya, I have half my
Posted by patellee on 3rd of May 2023 at 04:34 pm
Ya, I have half my DVDS still open. I follow systems to the letter of the law.