SPX daily 26 Nov Sat

19 Nov Sat
PA this week on SP was pretty much as expected. Bounce of 3900 within one day indicates market is ready to go higher up.
Yesterday SFP candle with most of volume belo the range and close in the range looks good.
Potential open on Monday:
- above the local range - bullish scenario.
- below - another bounce of 3900 - less likely - still positive
- within the range - could be where the price will start to pump.
Bias bullish. There are some ways how this can turn bearish, but we are not there yet.

22 Nov Tue
Today price went up trough the range. Looks like continuation of bullish scenario. We can see reaction down on 4030 or further rally up to 4050

24 Nov Thu
Yesterday another bullish daily candle with close above the local re-test range. SR at 4050 should be just temporary block before continuation of climb to 4085 when the price should react down.


26 Nov Sat
Yesterday's less volume due to holidays. Price hoovered at the level of previous days close, that's it above local range.
Above there is illiquid area up to 4085, we should get there with ease, but we also need a lot of conviction in the market to cover the gap. I'd expect Monday open with a gap below, filling the gap and run up to 4085 where the bounce down should occur. That's the most probable scenario.