I’d love to see a squeeze into this Friday. If we do I think we could hit 5700, and that should be enough to take out the shorts. A dream would be to the 586.86 FP on the SPY but I don’t think it can get that high.
I don’t know the price level but that FP could certainly be hit. The 23rd/24th is where one low should happen and then around May 2nd/3rd should be the finally low (could be a higher low?) before the market starts the mega rally up all summer to at least the 655.66 FP on the SPY.
We should bottom Monday, (like you said, a little follow though), but I see a big squeeze into the end of next week. I think the 586.86 FP that Rose found will be hit. After that I think we go down hard into the 23rd/24th for a lower low (5300 or below?).
I think we will see a top Monday, 3/10… then down hard all week into the 5500-5600 area. But between now and Monday we could see some wild swings up and down to shake out both sides before the next big drop.
I’d love to see a squeeze into this Friday. If we do I think we could hit 5700, and that should be enough to take out the shorts. A dream would be to the 586.86 FP on the SPY but I don’t think it can get that high.
Can you get a screenshot of it and post it? I use a free program called “Greenshot” to capture images. https://getgreenshot.org/
I don’t know the price level but that FP could certainly be hit. The 23rd/24th is where one low should happen and then around May 2nd/3rd should be the finally low (could be a higher low?) before the market starts the mega rally up all summer to at least the 655.66 FP on the SPY.
I still think we squeeze into this Friday with the FP on the SPY as the target (586.86)… then down hard again next week.
We should bottom Monday, (like you said, a little follow though), but I see a big squeeze into the end of next week. I think the 586.86 FP that Rose found will be hit. After that I think we go down hard into the 23rd/24th for a lower low (5300 or below?).
https://x.com/reddragonleo/status/1902457363606729176
FOMC is on Wednesday the 19th… I think it’s a big squeeze day to 5800, and then we drop again.
I’m starting to think we are going to crash. If so, this Friday should be the low… maybe 5000 SPX? Here’s an interesting article… https://pomp.substack.com/p/is-the-trump-administration-crashing
I think we will see a top Monday, 3/10… then down hard all week into the 5500-5600 area. But between now and Monday we could see some wild swings up and down to shake out both sides before the next big drop.
Double bottom today so a strong bounce should follow.