Sentiment Timing – Morning Notes 7/18/2022

The /es is +35 as I type and the master planners are picking up the pace of the well-orchestrated short squeeze.

I am a little frustrated at myself for raising the stop and should have just left it at entry, being we already closed 2/3 of the long trade with an average gain of 180 spx points.

But when the bulls failed to take out resistance and the bears took out support, I took the short squeeze bait over and raised my stop.

The good news, is we are short during this monster short squeeze. 

I am seeing some sell signals popping up on the /es, but I do still believe the bulls have more bears to squeeze before all is said and done.

Related:  Sentiment Timing - Morning Notes 7/27/2022

I still like remaining on the sidelines for now and don’t count out 4000/4100, which were my original targets to come into play.

Once I start to see sell signals on the spx, then and only then will I start eyeing down short triggers.

Until then, just watch from the sidelines. -Gary Dean

SPX Hourly Technicals

Stochastics: Neutral

Divergences: No Divergences 

Resistance Pivots: R1-3900 R2-3918 R3-3944

Support Pivots: S1-3875 S2-3850 S3-3828

Extreme Investor Network has partnered with sentimenttiming.com to bring you stock Market Trading Advantages.

Want to know exactly when the next turn dates are weeks in advance–try our premium service for 2 weeks free (it moves to $149.99 per month once the trial ends)  Use coupon code: 2 weeks  Subscribe Now  (If you have ANY issues subscribing, please email me at [email protected] and I will fix the issue. Gary Dean -)

Related:  Sentiment Timing - Morning Notes 5/6/2022

Leave a Comment