SNP500: 2018-2019 Buy & Sell Orders – Correction & Market Crash
SNP500 “fell off the cliff” and entered the Bears territory, as per the previously posted “CBOE (VIX) – Volatility Index – Pointing towards a Market Crash” article.
Since the time the post was made, VIX (CBOE) rose sharply, signaling Fear and that Volatility is back, with it, “angry” Bears.
SNP500 unfolded the Bearish “claw” with a 5 Swings Sequence, which in translation would mean that the Bearish Correction is not yet complete and that a powerful Bearish Intermediate (C) (red) could push towards 2500.00 Levels.
Monthly Chart (picture):
Monthly Interactive Chart:
Weekly Chart (picture):
Weekly Interactive Chart:
Daily Chart (picture):
Daily Interactive Chart:
2018/2019 – SNP500 – BUY & SELL Orders:
PRIMARY 4:
SELL @ 2800 with SL @ 2900 & Target @ 2500/2400
PRIMARY 5:
BUY @ 2500 with SL @ 2400 & Target @ 2900/3100
MARKET CRASH:
SELL @ 2900 & 3100 with SL @ 3300 and Target @ 800
1 Comment
admin
(March 11, 2018)Sell set-up still valid as the Corrective Structure in Primary 4 (blue) would need Impulsive Bearish (C) (red) in order to be considered as complete.