$SPX
Our weekly "NEXT WEEK, The Bear's take, The Bull's take, Our take" is here
For more info read our newsletter, it will be out later today
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#SPX $SPY $ES $SPX #ES_F $GAMMA $GEX #GAMMA #GEX $QQQ #QQQ
$DIA $IWM #trading #options
Our weekly "NEXT WEEK, The Bear's take, The Bull's take, Our take" is here
For more info read our newsletter, it will be out later today
Subscribe for Free
pointblanktrading.substack.com
#SPX $SPY $ES $SPX #ES_F $GAMMA $GEX #GAMMA #GEX $QQQ #QQQ
$DIA $IWM #trading #options
NEXT WEEK
The Bear's take:
•Recession is around the corner
• Rates ↑
• Geopolitical tensions
•CPI is coming
• Bearish monthly engulfing candle on the main indexes
• Charts of market leaders are broken
•Bearish flag on the index charts
$ES_F $SPX $SPY #SPX #trading
The Bear's take:
•Recession is around the corner
• Rates ↑
• Geopolitical tensions
•CPI is coming
• Bearish monthly engulfing candle on the main indexes
• Charts of market leaders are broken
•Bearish flag on the index charts
$ES_F $SPX $SPY #SPX #trading
NEXT WEEK
The Bull's take
•Inflation/Commodities/Oil/ $DXY are ↓
• $DJI and $DJT broke above consolidation
•Higher volume on up days
• $VIX in strong donwtrend
• $VVIX broke below support, is at 2017 levels
•Positive divergence from classic indicators
•Breadth is +
#SPX
The Bull's take
•Inflation/Commodities/Oil/ $DXY are ↓
• $DJI and $DJT broke above consolidation
•Higher volume on up days
• $VIX in strong donwtrend
• $VVIX broke below support, is at 2017 levels
•Positive divergence from classic indicators
•Breadth is +
#SPX
NEXT WEEK
Our take
•We expect the market to open and close higher on Monday
•Momentum points higher, but #Powell and #CPI stand in the way. We will be cautious
•Indexes need to break above current bear flag pattern
•A break below 3765 will be followed by a major move lower
Our take
•We expect the market to open and close higher on Monday
•Momentum points higher, but #Powell and #CPI stand in the way. We will be cautious
•Indexes need to break above current bear flag pattern
•A break below 3765 will be followed by a major move lower
Comments:
The Bear market is not over yet, rallies could be persuasive, but deceptive
#CPI may come in softer, but #Powell's mouth is the main hurdle. If momentum isn't killed, the next big barrier for $SPX will be the donward trend line +the 200DMA
#SPX
unroll
@UnrollHelper
The Bear market is not over yet, rallies could be persuasive, but deceptive
#CPI may come in softer, but #Powell's mouth is the main hurdle. If momentum isn't killed, the next big barrier for $SPX will be the donward trend line +the 200DMA
#SPX
unroll
@UnrollHelper
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