Markets have been an exercise in patience over the last week or so but we’re starting to set up more interesting/viable trading patterns now. Going to take a shot at big bear entry in price zone. Short SPX 4004. Stop loss 4078 for a wide stop and 4027 may be viable.
If the bear comes from this level, I think the swing trade will run into at least the high 2000s on SPX.
Let’s look at the specific entry patterns and also revisit some of the major warning signs that had me concerned about a bull move and how these setups may potentially be setting up to fail and support the big bear trade.
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