Feb 21, 2022 S&P500 Sell-The Big One?
Could this be it? The BIG one we have all been waiting for? At least I have been waiting for it. Has ALL the forces come together in the perfect storm to have the S&P drop 30% or 40%??
I know it's going to happen, just don't know when. But so far my Sell order is doing well.
Next up is 4200 level - this is a good psycholgical level and will be a decent support level - if however price action smashes through this level and keeps on going down, who knows when it's going to stop.
Every 100 points will be a bit of a support level and of course 4000 even will be a major support.
Anyway, my plan is to put in another Sell Order at around 4180 if price action crashes through the 4200 level. I will keep you posted.
Stay safe.
HEIKO
I know it's going to happen, just don't know when. But so far my Sell order is doing well.
Next up is 4200 level - this is a good psycholgical level and will be a decent support level - if however price action smashes through this level and keeps on going down, who knows when it's going to stop.
Every 100 points will be a bit of a support level and of course 4000 even will be a major support.
Anyway, my plan is to put in another Sell Order at around 4180 if price action crashes through the 4200 level. I will keep you posted.
Stay safe.
HEIKO