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toxicenigma
Feb 3, 2022 4:54 PM

It will either go up or down 

S&P 500 IndexTVC

Description

The retrace to .618 with a rejection tells me that we will go back to the .236 and we'll either break down or up from there. If we break up I think we'll take that to at least .886 to form a bearish bat. Or we could go higher for a full retrace, possibly a double top or new highs. If we break down It looks like a 1.618. Overall we're definitely in bearitory for next few weeks at least. If you're an investor I would be looking to be adding on these dips but always keep some powder in the keg for some lower lows. If you're a trader then there are likely a ton of setups. Good luck!

Comment

Looks like this will be invalidated above 4590. Let's see.

Comment

double top but pattern still valid. Also formed an ascending H&S which could bring us as low as 4290.

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Comment

Order cancelled

Comments
mjcpaull
I'm looking for 4150 - but overall our views correlate
mjcpaull
"either up or down" Great! Many thanks. Really helps .Market direction is now clear
toxicenigma
@mjcpaull, no problem :D
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