.SPX: What's Going on as the Relief of Tariff?

MasterWU
04-23

Hello everyone! Today i want to share some technical analysis with you!

1.

To Subs: $S&P 500(.SPX)$

(1) the Red W-4 on the 30-min chart may NOT complete, which means the triangle will take a few more days to work out in this large chopping zone.

(2) by so doing, the turning window I marked in the newsletter may be the ending point of W-4, not W-5.

(3) patience.

2.

Panda Hammer landed 70+ pts in hours [the top of rebound is 5309; MPW hammer zone is 5300]. Now, after hitting 5234 support, the rebound complicates the picture. I am neutral now, with very tight stop at 5270-80. $Tesla Motors(TSLA)$ after hours will move market drastically. 20% position.

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3.

99% Cash & Wait for the Cat with HAMMER:

(1) Didn't watch market after exiting almost ALL short positions around 5140 zone yesterday.

(2) now, futures jump again--which is GREAT for bears to reload;

(3) I will watch 5228 with small bet;--if surpassed, then 5300 zone with HAMMER.

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