Outlook for SPX
We can expect a minor contraction based on MACD, Guth 3x confirm, and D+ divergence cloud.
Key word is minor! Our new point of resistance on the 45min chart is 4416.10 which would only be a 55 point drop ( 1.24% )
This drop could happen at the open, or intra day.
This is not processional advice but I ask you fellow experienced traders to give me your thoughts on this and possibly a collab.
I am using this as an indicator for if I am going long next week or short.
What are your thoughts on the week ahead, it is always good to trade with the market trend.
We can expect a minor contraction based on MACD, Guth 3x confirm, and D+ divergence cloud.
Key word is minor! Our new point of resistance on the 45min chart is 4416.10 which would only be a 55 point drop ( 1.24% )
This drop could happen at the open, or intra day.
This is not processional advice but I ask you fellow experienced traders to give me your thoughts on this and possibly a collab.
I am using this as an indicator for if I am going long next week or short.
What are your thoughts on the week ahead, it is always good to trade with the market trend.