SPX went to the gap, and failed. as predicted. A complex top and test of the 50 SMA is possible. That said, with earning and FOMC next week, grows less likely. A failure of this rally could get bloody, fast.
Agreed - GDP numbers also next week and FOMC and all Techs are already guiding the outlook down... 4020 is also 38% FIB level --- so that is reached and game over.... Next week it goes south ...
TraderV123
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Thanks. Agree. My target is 3620. Let's see how next week and month play out. Any pop will be short lived. GLTA