Daily BriefsTechnical Analysis

Daily Brief Technical Analysis: SPX Push into THE Summer Short Ahead of Q3 Pain and more

In today’s briefing:

  • SPX Push into THE Summer Short Ahead of Q3 Pain

SPX Push into THE Summer Short Ahead of Q3 Pain

By Thomas Schroeder

  • SPX risk on July rise (early July buy call) is still missing the final piece of the puzzle – the C wave push to 4,000 for THE short.
  • Top building process near July 21 and again after a Fed hike knee jerk rise. Aligning risk points in Bitcoin, USD dip and sell levels in Europe and Asia (synergy).
  • THE short set up before next pain trade lower into September for an SPX decline of 18% with parts of EM and Asia taking it on the chin.

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