I think the market is heading to new highs for this bear market rally. I will look to buy today in the 1180 zone. If the market does not hold this level, the sell off might continue deeper toward 1160.
The total put/call ratio made a "bearish spike" yesterday, supporting the bullish scenario.
4 comments:
Good morning!
You trade ES December? or Sep?
Good luck!
September.
If the trade goes well, the market will reach my target in just a couple of days.
Do you still have a bullish bias? I notice that we ended at the bottom end of the upward channel from the august lows, what is your target if you still lean long?
Love your analysis
Yes, Anonymous, I am still bullish. I will look for long entries starting today.
My target is new highs for this bear rally. This means around 1250 SPX.
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