Price Action says SPX is looking for ATH around $4848 area.
Bullish On SPX,
SPX formed a strong ABC pattern. Its going to bounce pop at open at around 4758.44 area, and that’s a great time to BTO daily/weekly puts towards 4713.57.
Price Level to watch out for:
4666.82: 4hr candles close above this level will be aiming for 4713.
At around $4758 area, it will pull back to 4713. $4713 will serve as a price level magnetic, it’ll keep coming back to this level until it hits 4848.57.
In the 10min chart, price action is moving higher, in short term I would look for opportunities to bto PUTS. Once support has built up to $4666.82 it’ll trigger a run to 4713, and then $4848
I’m not see bearish signs yet. Unless we fall below 4495.12
SPX formed a strong ABC pattern. Its going to bounce pop at open at around 4758.44 area, and that’s a great time to BTO daily/weekly puts towards 4713.57.
Price Level to watch out for:
4666.82: 4hr candles close above this level will be aiming for 4713.
At around $4758 area, it will pull back to 4713. $4713 will serve as a price level magnetic, it’ll keep coming back to this level until it hits 4848.57.
In the 10min chart, price action is moving higher, in short term I would look for opportunities to bto PUTS. Once support has built up to $4666.82 it’ll trigger a run to 4713, and then $4848
I’m not see bearish signs yet. Unless we fall below 4495.12
Trade active:
This next 2 weeks, will be a lot of price action. Be ready for a lot of fun scalps $$$$