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Indeks S&P500Diupdate

Update on the markets - spx oil metals and yeilds

all in the video. I expect a pullback starting today or at least this week, but if the pullback is relatively small and the rsi drops hard, expect over 4600+ in december.

Good luck!

Catatan
hard to say what comes today, lower would have support at 4520. Higher would be resistance near 4600. cuplikan
Catatan
looks like they will go lower, but with the hourly rsi already very low 4520 will likely hold as support.

cuplikan
Catatan
qqq likely target is the gap at 383 - also it's daily 18ma. Interesting that small caps and DJT are holding relative strength today - sometimes a leading indicator. cuplikan
Catatan
support area on spx, this could be all the selling there is today. cuplikan
Catatan
looks like a falling wedge to my eye, of course it could breakdown and that would be very bearish. cuplikan
Catatan
broke up, the question is - does it fail? Regardless the price action is choppy and terrible

cuplikan
Catatan
maybe this into next week, the price action is not really bearish, just choppy and time wasting. Markets can correct in time and price - this feels like a time correction. cuplikan
Catatan
DJT is up 1 percent today. It's definitely looking bullish and has been lagging for much of the year. cuplikan
Catatan
this still looks doable into next week. cuplikan
Catatan
ABC still possible, but small time frame RSI is already oversold. Hard to tell what will happen. UNder 4540 and it probable makes it's way down to 4520-4500

cuplikan
Catatan
a choppy mess, but this still may play out from here. cuplikan
Catatan
IWM very strong and looks like it will close over it's weekly 18ma - bullish until it gets under it again. cuplikan
Catatan
DJT also looks like it will close over it's 18 weekly ma - bullish cuplikan
Catatan
back to the channel and likely 4600+ today. cuplikan
Catatan
Long term update in case you didn't see it

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Chart PatternsTechnical IndicatorsS&P 500 (SPX500)Wave Analysis
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