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Re: nowwhat2 post# 360958

Friday, 08/12/2022 9:57:47 PM

Friday, August 12, 2022 9:57:47 PM

Post# of 383388
That 430 is a confluence area for sure at this very moment. 200 Ma and your down trend line are both converging here. Conventional wisdom says, we should turn back from there and resume the down trend. However, the skeptic in me says we could poke thru it to pull in some longs and inflict pain on the put players. Having said that 4350 cannot be ruled out. I will enter a small 10% short position thru spxu at 4300 and see what happens.
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