SPX possible reversal - what to watch

24 Ağu 2023

All in the video under the previous channel would be very bearish and probably mean they want to test the neckline of the head and shoulders, from there I would think a sideways consolidation would happen. SOXX (semiconductors) also mentioned towards the end.

24 Ağu 2023

Not

watch for a reaction at the lower channel line

24 Ağu 2023

Not

backtest of 4220 area should be a solid short

24 Ağu 2023

Not

this is what it looks like into tomorrow.

25 Ağu 2023

Not

so far it looks correct - float up overnight. Will they reach the trendline? hard to tell, but it's an obvious target for a short entry - about 4420.

25 Ağu 2023

Not

powell speech at 10am, this still looks possible to me.

25 Ağu 2023

Not

link to powell speech at 10am youtube.com/live/A9Pz0vIi5yQ?si=7DhoAxxswVlDRhy1

25 Ağu 2023

Not

a move up after the speech is possible, but i still think it would be a selling opportunity.

25 Ağu 2023

Not

target area reached during the speech. I think this area is a selling opportunity

25 Ağu 2023

Not

should drop the rest of the day

25 Ağu 2023

Not

QQQ also with a false breakout - target 348

25 Ağu 2023

Not

another short opportunity here as far as I can see.

25 Ağu 2023

Not

if this keeps rallying they will probably push over the powell speech high, it would take out shorts and convince traders to go long over the weekend. If that's the case it would be a fine bull trap and I would expect a hard gap down monday to kick off the week.

25 Ağu 2023

Not

yeah I think they are going to fool bulls and trap bears into close. I'm not changing anything. Out for the rest of today, see you next week.

25 Ağu 2023

Not

channel held, I expect lower on monday but we'll see.