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Spx500 Bear Case #2 [Primary] for CME_MINI:ES1! by Eloquent

This is the second bear case,
and it just so happens to be my primary scenario on the US Stock market .
Just wanted to get the simple counts out of the way, before sharing this one.

Using the expanding diagonal fractal for the first wave from ath,

it’s possible the spx500 is only in “wave a” on this local move up (of a larger a-b-c)

this is currently the scenario i’m personally leaning towards.

let me explain why:

-lines up with my dxy projection.

-insider buys, are about to flip insider sells.

-retail short interest is at record high levels.

-retail is usually wrong.

-so how do we get retail out, while still dropping the market?

1 word. chop.

——

If the market chops for another 3-6+ months, every last bear standing will get absolutely rekt.

And only after-which, once the short interest disappears, and the last put expires worthless-

will the markets see the final cataclysmic collapse.

———

Stay safe, and don’t go into a trade without a plan.

🔺

Ps. i recently called the expanding diagonal fractal out, and it ended up front running my target, which was kinda unexpected.

I understand why it did as of now, and it was an important lesson for the future.

check out that post via:

🔺

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