Technical Analysis on .SPX

Hello everyone! Today I want to share some technical analysis with you!

1.

Two Types of Corrections: $S&P 500(.SPX)$

(1) an overbought market would correct itself either with a sharp zigzag, or with a sideway horizontal move.

(2) the current market has the look & feel of the latter--using time to substitute for price.

(3) if so, it will consolidate in this zone longer.

Image

2.

Doing Nothing:

(1) the market went nowhere over the last two weeks;

(2) the best trading strategy--as I laid out early--is "do nothing".

(3) if you want to survive in this market, you have to know in addition to "going long" and "going short"; there is a 3rd option: going away.

3.

Hibernation Time: $S&P 500(.SPX)$

(1) most bears take a long winter nap from November, and sleep through the winter.

(2) they will come out around March--but they may wake up in the middle of hibernation.

(3) anyhow, it is safe till mid-January, 2024 on my calendar, if you know what I mean.

Image

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Technical Analysis

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Today I want to share some technical analysis with you! </p><p></p><p>1.</p><p>Two Types of Corrections:  <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> </p><p>(1) an overbought market would correct itself either with a sharp zigzag, or with a sideway horizontal move. </p><p>(2) the current market has the look &amp; feel of the latter--using time to substitute for price. </p><p>(3) if so, it will consolidate in this zone longer.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/7cca47be753ac10b8973bce8f2c78d34\" tg-width=\"1523\" tg-height=\"798\"><span>Image</span></p><p></p><p>2.</p><p>Doing Nothing: </p><p>(1) the market went nowhere over the last two weeks; </p><p>(2) the best trading strategy--as I laid out early--is \"do nothing\". </p><p>(3) if you want to survive in this market, you have to know in addition to \"going long\" and \"going short\"; there is a 3rd option: going away.</p><p></p><p></p><p>3.</p><p>Hibernation Time:  <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> </p><p>(1) most bears take a long winter nap from November, and sleep through the winter. </p><p>(2) they will come out around March--but they may wake up in the middle of hibernation. </p><p>(3) anyhow, it is safe till mid-January, 2024 on my calendar, if you know what I mean.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/0146bec37bcbe666f3711d67a83614ad\" tg-width=\"900\" tg-height=\"722\"><span>Image</span></p><p></p><p><em>Follow me to learn more about analysis!!</em></p><p>https://twitter.com/MasterPandaWu</p></body></html>","htmlText":"<html><head></head><body><p>Hello everyone! Today I want to share some technical analysis with you! </p><p></p><p>1.</p><p>Two Types of Corrections:  <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> </p><p>(1) an overbought market would correct itself either with a sharp zigzag, or with a sideway horizontal move. </p><p>(2) the current market has the look &amp; feel of the latter--using time to substitute for price. </p><p>(3) if so, it will consolidate in this zone longer.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/7cca47be753ac10b8973bce8f2c78d34\" tg-width=\"1523\" tg-height=\"798\"><span>Image</span></p><p></p><p>2.</p><p>Doing Nothing: </p><p>(1) the market went nowhere over the last two weeks; </p><p>(2) the best trading strategy--as I laid out early--is \"do nothing\". </p><p>(3) if you want to survive in this market, you have to know in addition to \"going long\" and \"going short\"; there is a 3rd option: going away.</p><p></p><p></p><p>3.</p><p>Hibernation Time:  <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\"S&amp;P 500\" href=\"https://ttm.financial/S/.SPX\">$S&amp;P 500(.SPX)$</a> </p><p>(1) most bears take a long winter nap from November, and sleep through the winter. </p><p>(2) they will come out around March--but they may wake up in the middle of hibernation. </p><p>(3) anyhow, it is safe till mid-January, 2024 on my calendar, if you know what I mean.</p><p class=\"t-img-caption\"><img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/0146bec37bcbe666f3711d67a83614ad\" tg-width=\"900\" tg-height=\"722\"><span>Image</span></p><p></p><p><em>Follow me to learn more about analysis!!</em></p><p>https://twitter.com/MasterPandaWu</p></body></html>","text":"Hello everyone! Today I want to share some technical analysis with you! 1. Two Types of Corrections: $S&P 500(.SPX)$ (1) an overbought market would correct itself either with a sharp zigzag, or with a sideway horizontal move. (2) the current market has the look & feel of the latter--using time to substitute for price. (3) if so, it will consolidate in this zone longer. Image 2. Doing Nothing: (1) the market went nowhere over the last two weeks; (2) the best trading strategy--as I laid out early--is \"do nothing\". (3) if you want to survive in this market, you have to know in addition to \"going long\" and \"going short\"; there is a 3rd option: going away. 3. Hibernation Time: $S&P 500(.SPX)$ (1) most bears take a long winter nap from November, and sleep through the winter. (2) they will come out around March--but they may wake up in the middle of hibernation. (3) anyhow, it is safe till mid-January, 2024 on my calendar, if you know what I mean. 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