.SPX: Reach the First KEY Bottom
Hello everyone! Today i want to share some trading ideas with you!
1
$Cboe Volatility Index(VIX)$ gap at 24 closed, one-day late, but still on schedule overall.
2
7460 target captured [the following chart is from MPW mid-week update--my primary count, the Red Path, called for a revisit of the low, and eventually target 7320 for the first KEY bottom. $S&P 500(.SPX)$
7394 looks good for a short-term capitulation low--and it should be held for a few days for a sizable rebound. But, the damage is done, and it is better to check weekly chart for next bottom or key levels. Today's action breaks multiple support lines and set up a new regime.
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