$SPX $MES Potential Partial Decline
Holding a critical level here above the .50 retracement.
Stochastic rsi still expanding with hidden bullish divergence on this last low and bullish divergence locally on the MFI
ADX not showing a clear trend here just yet.
Watching the downsloping supply line for a test and the local resistance around 4100.
Target still remains the same from our previous trade on the SPX, the 786 to complete the bear Cypher, and then re-assess.
Holding that 3914 .50 level is important, otherwise its likely we retest the bottom end of the lower range once again.
Stochastic rsi still expanding with hidden bullish divergence on this last low and bullish divergence locally on the MFI
ADX not showing a clear trend here just yet.
Watching the downsloping supply line for a test and the local resistance around 4100.
Target still remains the same from our previous trade on the SPX, the 786 to complete the bear Cypher, and then re-assess.
Holding that 3914 .50 level is important, otherwise its likely we retest the bottom end of the lower range once again.