Indeks S&P500Pembelian
November Rally?
Extremely bullish day following a favorable CPI print. SPX was up 5.5%. Is this just a short squeeze, or the bullish start to something bigger?
I believe this is the final leg of the (B) wave rally, which will be the last time to unload longs and position short before the (C) wave down.
Tomorrow (11/11) wave (iii) will likely complete in the 3967 - 4000 region. We should then get a retracement for the wave (iv) early next week, likely bottoming on Wednesday (11/16). Support for wave (iv) is in the 3860 - 3865 region. Finally, we should get the wave (v) to complete the (B) wave. Wave (v) of (B) should target the 4050 - 4100 region. Expected target date is 11/23. There's a lot of confluence in that price region:
I believe this is the final leg of the (B) wave rally, which will be the last time to unload longs and position short before the (C) wave down.
Tomorrow (11/11) wave (iii) will likely complete in the 3967 - 4000 region. We should then get a retracement for the wave (iv) early next week, likely bottoming on Wednesday (11/16). Support for wave (iv) is in the 3860 - 3865 region. Finally, we should get the wave (v) to complete the (B) wave. Wave (v) of (B) should target the 4050 - 4100 region. Expected target date is 11/23. There's a lot of confluence in that price region:
- The 0.764 retracement of the August high to the October low is 4130
- The 200-day SMA will likely be around 4050
- The A=C target is 4118
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.