SPX Closed @ 3337.75; S&P Futures @ 3338.25
As of 4:30AM, the ES LOW is 3242.5: -95.75 points from Friday’s Close
We’ve only 2x 🔻 Greater than -100p on the SPX in a single session: both times were the the FEB 2018 Major-4 SELL OFF:
- Feb-5 -113.19
- Feb-8 -100.66
- Oct-10 -94.66
- Dec-4 -90.31
- Oct-24 -84.59
ONLY DEC 4 occurred at the START of a 🔻 drop
SECONDLY: The ES DAILY (and NQ, YM, RTY) are nearing into OVERSOLD
Thus: IF YOU FOLLOWED ALONG AND ARE SHORT, COLLECT IT BABY AND KNOW WHAT -100p MEANS…
If you FAILED to follow and are trying to catch whats left of this:
- DON’T GO FULL RETARD
- DON’T ASSUME A V-SHAPE RALLY
Read the email and know that you’ve just witnessed what I’ve preached for years:
SELL OFF ARE FAST and thats why they pay great but cost a ton if you are sized wrong.
We’re DAILY nearing OVERSOLD and likely to place that OVERSOLD on SPX/SPY, but not without a BUY DIVERGENCE which means the email which states a bounce later in the week and then further selling next week gives you the LOWER PRICE and HIGHER TECHNICALS and thus you have a BUY DIVERGNCE
The WEEKLY will provide the space for it: