.SPX: A W-4 will Bring SPX to Sub-6800
Hello everyone! Today i want to share some trading ideas with you!
1
MPW Mid-Week Update Posted:
(1) did some chart-review & soul-searching after the last three sessions of "shock & awe" operation.
(2) I believe the market has shown its hand--to accommodate, I will refrain from day-trading until mid-May.
2
Enough is enough.
Short it here with $SPDR S&P 500 ETF Trust(SPY)$ 690 puts, expire 4/17.
An ending diagonal of a w-5 is almost complete at 7000 level, which is also heavy resistance zone from previous ATH.
This is not the top of this bullish run, only the top of W-3.
A W-4 will bring SPX to sub-6800
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