S+P 500 has begun the month of November,
with a "Bearish False Upside" Breakout
of the "Ascending Triangle" Pattern on the chart ( See Below)
....a potential ominous trading event !
The fact that this happened so quickly this morning,
as bullish traders were caught buying stock
going "long" above SPX 3900.
at exactly the "Wrong time, and the Wrong price.
two absolute no no's in trading.
Once again stock rally was buttressed by"fluffed talk"....
and I mean it's everywhere
about a potential Fed easing of interest rate hikes.
That hyped "BS" simply gave way to "standing sell orders"
by big money to sell stock, on the break back below SPX 3900
SPX Last 3876.65
THE_UNWIND
11/1/22
Woods Of Connecticut
with a "Bearish False Upside" Breakout
of the "Ascending Triangle" Pattern on the chart ( See Below)
....a potential ominous trading event !
The fact that this happened so quickly this morning,
as bullish traders were caught buying stock
going "long" above SPX 3900.
at exactly the "Wrong time, and the Wrong price.
two absolute no no's in trading.
Once again stock rally was buttressed by"fluffed talk"....
and I mean it's everywhere
about a potential Fed easing of interest rate hikes.
That hyped "BS" simply gave way to "standing sell orders"
by big money to sell stock, on the break back below SPX 3900
SPX Last 3876.65
THE_UNWIND
11/1/22
Woods Of Connecticut