SPX Yearly resistance is acting like support . Still bullish.

Yearly resistance acting like a support right now as you can see on chart. And while SPX >2700-2800 there is no significant risks. And there is my stop loss.

I will consider bearish positions if we will see bearish price action in 2500-2700 region (pivot-r1) . Otherwise naked shorts here is not safe or smart. It's just bears trying to outsmart and frontrun the market , because somneone sold them the idea of economy collapse once again.

That all will depends on Fundamentals and sentiment , but Fear and greed already at Extreme Fear and i don't see any real bearish shifts in fundamentals so far. Only thoughts and rumors , no facts.

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Keep BTFD

Yorum:

BTFD

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BTFD

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Hedge at 3000

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That 3000 hedge turned out a in a pretty good hedge tbh.

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Unhedged at 2855.
spx back to Yearly r1
Monthly s2 - 2828
200ma daily 2850
Stop is tight.

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Hedge 30% here at @2940. Stop for full hedge above previos unhedge at 2865. This can be just a short squeeze before doom , but who knows.

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Keep longing

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Hedge if <2960

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Exit scam at 3000 , Amazon is about to go into abyss