SPX - a bit more to go

645
Presented is my reasoning why 4200+ is likely this week coming or next. Having said that any push up to 4200+ will be a wonderful short opportunity. I compare where the market is now to where IWM was in it's 2020 consolidation and why RSI is important to look at for "breakouts". I hope it's helpful

Good luck!
Catatan
overnight there's been a breakout of the downward channel, I expect a retest and then higher for the day. cuplikan
Catatan
test of channel. We could be in a larger ABC, if so - this may be happening. cuplikan
Catatan
so far looks good for a C up, then we may have a bigger sell off after before the final run up. SO more time wasting..... cuplikan
Catatan
good morning, chopfest continues. B wave has been extended. It's still pretty low on the houlry rsi, so I expect a move up today for a C wave. cuplikan
Catatan
some economy numbers at 10am today us.econoday.com/byweek.asp
Catatan
closer view cuplikan
Catatan
channel test at open, should be support, we'll see.......

cuplikan
Catatan
we're still holding here, 1hr rsi on the floor in futures...
Catatan
lower trendline reached rsi is very low on mid time frames...
Catatan
cuplikan
Catatan
ES has reached the daily BB, usually a support area. cuplikan
Catatan
2 hr rsi divergece should get us a rally today for a B wave, then C down..... cuplikan

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.