SPX -113.67 points on the CURRENT LOD 3224.08
MATCH to the ALL TIME GREATEST 1-Day DECLINE:
- Feb-5-2018: -113.19
OVERSOLD RSI(5) 1Hr touching -3 on dips
We’re EXPECTING the Sell down to end for the OVERSOLD Dead Cat Bounce and we have the JAN – FEB DOUBLE BOTTOM just below:
- 3214.64
- 3214.68
NO GOING FULL RETARD: This IS Major-4 And 3175 Is Still MY Target
We’re LIKELY to see that BOUNCE back to the 50d MA (3275.90 currently) which should kick BULLS in the teeth and see that end of week – 1st week of MARCH before the C Wave under 3214.
We JUST TOOK THE LOD OUT (3222.92 and dipping) with the SPX RSI(5):
- 2.90 1Hr
- 3.66 2Hr
- 5.68 4Hr
- 14.41 Daily
- mid-May
- JUN
- OCT
If you were to “plant seeds” responsibly for the BOUNCE, don’t expect the GAP FILLED, and DON’T OVER COMMIT 💲 ON IT
TRIPLE BOTTOMS & TRIPLE TOPS TEND TO BREAK ON THE 3rd HIT
SPY PIVOTS VIEW
I’m in SUPER SMALL MAR 13 SPY 335 CALLS @ 1.16
FEB 28 Players, PM me in CHAT if you want an opinion