good morning, es ended up rejecting my 4170 level almost to the penny yesterday.
pretty nice move down, but not really big enough for the bears to take back control.
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im going to be looking for a grindy suckers rally over the next few days, before another flush comes and takes es down to about 3750.
from there i'm theorizing that spx will squeeze to 4500 into late november \ early december.
this rally will be mostly short squeezes, and theta bang - to eliminate as many bearish positions as possible (before the real drop comes).
✌
pretty nice move down, but not really big enough for the bears to take back control.
---
im going to be looking for a grindy suckers rally over the next few days, before another flush comes and takes es down to about 3750.
from there i'm theorizing that spx will squeeze to 4500 into late november \ early december.
this rally will be mostly short squeezes, and theta bang - to eliminate as many bearish positions as possible (before the real drop comes).
✌