SPX - Possible Bounce Route
Diupdate
With a slump to start the week but bullish divergence coming in SPX could be set to make one more leg down and may bottom around somewhere in the area of the previous low to form a domed bottom.
This could bounce to its phi relation around $4500 to form a H&S.
A likely but not yet probable route as there are many variables. It could of course also fall off the cliff without a bounce.
Not advice.
This could bounce to its phi relation around $4500 to form a H&S.
A likely but not yet probable route as there are many variables. It could of course also fall off the cliff without a bounce.
Not advice.
Komentar
On track so far.Komentar
Bounce at 0.5 fib here with strong hammer and markets yet to open. If its the bottom then its a higher low with bullish divergence and good chance a strong bounce is coming.
We're into the post FED interest rate cut blow off phase for risk on markets🥳.
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