Hello everyone! Today i want to share some technical analysis with you!
1.
Resilience & Resolution: $S&P 500(.SPX)$
(1) with the double-wedge formation, SPX is living on borrowed time--the huge divergence on daily & 2-hr level can ONLY be resolved with a sharp decline.
(2) this Wedn. at 2:30pm, when Powell opens his mouth, watch out below.
(3) 50% short position
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2.
Futures rebound from gap-down low at 5944:
(1) the dip-buyers are strong enough to push for another LOWER HIGH.
(2) ES futures opened with a modest 35 point gap-down, but then recovered most the decline, hit 6015.
(3) great entry for short positions, esp. if trendline holds.
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