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S&P 500 - Here is my bullish guess for the week

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My guess based on the MOMO of this rally. I just don't think it is going to quit yet. I feel like it is going to go mostly sideways but generally head for that 1.236 fib level by mid to late week. For the bears, there is a gap on the 4th that has not been filled and that gaps also appears in the VXX. So, I think the bears may get their chance in the next week or so. When the market sees this much FOMO/MOMO it usually ends with a bang (e.g., June and Sept). I am just sitting on the sidelines until this thing makes an obvious decision one way or the other.

Just to completely contradict myself, here is a more bearish look of the current rally.
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Hope it helps and good luck.
Catatan
Stuck at a major trend line. Be interesting to see if it can break it.
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Catatan
So far, not that bad of a guess.
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Catatan
However, it could not break that trend line.
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Catatan
Tuesday morning update
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Catatan
I don't know. Looking weak.
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Catatan
A bit stronger this morning.
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Catatan
In case anyone cares. Here is a Thursday (11/19) at 10:15am uipdate.
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Dr_Roboto
Chart PatternsDJIIVVNASDAQ 100 CFDSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Trend AnalysisWave Analysis

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Chart PatternsDJIIVVNASDAQ 100 CFDSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Trend AnalysisWave Analysis
Dr_Roboto

Publikasi terkait

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.