[SPX] Price Still Climbing the S/R... Potential SELL Entry!
Once it finally breaks through this line we will likely see some retracement back down to the yellow line.
Good chance we see a bigger correction after it crosses the next red line. We're getting a SELL entry signal on @TopgOptions's indicator on the 2D, which is quite bearish, still waiting for the final SELL confirm.
Between yellow and green I deemed the Death Trap awhile back. Price should slide quick in here, green will be a solid support before more sliding or trying to pop back up some.
Also don't forget about the DIX! We're getting some great divergence with DIX trending down and GEX climbing up: squeezemetrics.com/monitor/dix
If GEX spikes near or especially through Price, you can stick a fork in it.
Good chance we see a bigger correction after it crosses the next red line. We're getting a SELL entry signal on @TopgOptions's indicator on the 2D, which is quite bearish, still waiting for the final SELL confirm.
Between yellow and green I deemed the Death Trap awhile back. Price should slide quick in here, green will be a solid support before more sliding or trying to pop back up some.
Also don't forget about the DIX! We're getting some great divergence with DIX trending down and GEX climbing up: squeezemetrics.com/monitor/dix
If GEX spikes near or especially through Price, you can stick a fork in it.
Data analyst with a passion for best fit lines B)
