SPX/SPY/ES Sell off to 3300 in Wave 2 of Bull Flag Monthly

19 thg 8, 2023

I am looking to capitalize on the wave 2 sell off back down to 3300 with only 1 MES contract. Looking for at least 1000 points or $5000. My account is not big enough for more.

ES is in a bull flag on the monthly. Down below I will show you why I think so.

You can go back and study your own charts on bull flags on all timeframes. This bull flag is going to take 4 years to complete. Longer than most people think. Don't get fooled by Bear Market/Bull Market switching. Its in a consolidation/range and will tear both sides apart. Money is there for both sides. At least 4000 points up and down

19 thg 8, 2023

Ghi chú

19 thg 8, 2023

Ghi chú

Entry short is probably January or so. Right now is the first mouse. I never want to be the first mouse. Need to wait for the double top and close below 21ema

19 thg 8, 2023

Ghi chú

The safest entry is probably March 2024. One must be patient as there is plenty of time to react. We still have 6 months of bullish activity ahead of us.

19 thg 8, 2023

Ghi chú

Depending on how aggressive you want to be and/or how much drawdown you can handle is where you should decide where to get in. Me, I am waiting for conservative route

19 thg 8, 2023

Ghi chú

Here on the 4 Hour, we are in a bullish falling wedge with at least 100 days of bullishness.

20 thg 8, 2023

Ghi chú

Another possibility similar to my AAPL call