Nothing changed since my last update, we dont get much in declines, so the pressure is up.
My timing for the high is 25th, ideally we gap and start the move down hard.
3880SPX is the main support now.
If we get down to 3950 I will get my longs back on for a trip to 4030-40 and even 4075-90.
There is a solid yellow trendline goes from 2009 lows and goes all the way up into yesterday's close. I do expect it to be penetrated a bit with the C wave up, but acting as a strong resistance on bigger time frame. There is a yellow dotted line, its coming off Feb 2020 Feb high. Those 2 are most important bear/bull resistances to watch
Its a weekly closing. Weekly resistance is at 4090, very important to have a close below it for my pathway drawn on the chart
I expect a monthly close below 3950 level
Volatility is set to rise from Monday and lasting into the 4th
My timing for the high is 25th, ideally we gap and start the move down hard.
3880SPX is the main support now.
If we get down to 3950 I will get my longs back on for a trip to 4030-40 and even 4075-90.
There is a solid yellow trendline goes from 2009 lows and goes all the way up into yesterday's close. I do expect it to be penetrated a bit with the C wave up, but acting as a strong resistance on bigger time frame. There is a yellow dotted line, its coming off Feb 2020 Feb high. Those 2 are most important bear/bull resistances to watch
Its a weekly closing. Weekly resistance is at 4090, very important to have a close below it for my pathway drawn on the chart
I expect a monthly close below 3950 level
Volatility is set to rise from Monday and lasting into the 4th