SPX/SPY/ES Sell off to 3300 in Wave 2 of Bull Flag Monthly

19 Ağu 2023

I am looking to capitalize on the wave 2 sell off back down to 3300 with only 1 MES contract. Looking for at least 1000 points or $5000. My account is not big enough for more.

ES is in a bull flag on the monthly. Down below I will show you why I think so.

You can go back and study your own charts on bull flags on all timeframes. This bull flag is going to take 4 years to complete. Longer than most people think. Don't get fooled by Bear Market/Bull Market switching. Its in a consolidation/range and will tear both sides apart. Money is there for both sides. At least 4000 points up and down

19 Ağu 2023

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19 Ağu 2023

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Entry short is probably January or so. Right now is the first mouse. I never want to be the first mouse. Need to wait for the double top and close below 21ema

19 Ağu 2023

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The safest entry is probably March 2024. One must be patient as there is plenty of time to react. We still have 6 months of bullish activity ahead of us.

19 Ağu 2023

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Depending on how aggressive you want to be and/or how much drawdown you can handle is where you should decide where to get in. Me, I am waiting for conservative route

19 Ağu 2023

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Here on the 4 Hour, we are in a bullish falling wedge with at least 100 days of bullishness.

20 Ağu 2023

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Another possibility similar to my AAPL call