SPX - Wyckoff top possibility here
the_sunship Pro Updated
CME_MINI:ES1! S&P 500 E-mini Futures
Update on the SPX, possible wyckoff top playing out here. Under 4070 and the market is going to start having some real problems.
we're closing under the 18ma daily, bias is down.
good morning, with the NVDA move last night the market finally got the bounce I thought was coming, so now we are close to a resistance zone of 4150-4160. RSI's on small time frames are reset my guess is something like this today at some point. If wrong I will update.
gdp and jobless claims at 830, might be the turn, let's see. if not will update
they keep hitting this resistance, a break above is bullish into the close.
tech now showing daily bear divergence, it probably goes a bit higher into tomorrow at least. The market won't drop until the megacaps do.
doji candle on the day, not really sure what to make of it, we didn't really follow through after getting above the mornings high. update tomorrow
after the numbers this morning, they tested support and held. small time frame rsi is suggesting a pullback, but 4 hr has plenty of room to run up, so it's hard to tell what's setting up. More chop may mean some beaten down stocks rally. A higher high is still not out of the question on SPX
Comment:maybe something like this if the top isnt in yet
nope, they got right up to 4170 area - the next resistance mentioned in the video. It's possible this is a B completing, hard to tell, but here's the idea if C starts here.
up to the gap area on SPX cash
gap filled, it can go higher for sure even if it's a B wave and C next week.
SPX - the weekly preview
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