He didnt gap down and gap up today, so no call for the full retracement off yesterday's low into Fri.
The next targets are 4075 and 4090SPX
I have some good confluence with the 4090SPX and as far it was so far away from a week ago, its getting close to it.
Tomorrow is a double directional day, watching for the 4090 to be hit to mark the high.
Also getting close to the monthly closing, tomorrow, also a weekly closing. So a lot of volatility is expected, might do some lotto options.
- Weekly closing resistance level is right at my second target - 4090.80SPX. Closing above will be bullish going into the next week.
- Monthly closing resistance is lower and it's at 3950.50, closing above will be bullish going into the month of Aug. that would support my view on higher low mid Aug.
So tomorrow is a very important day, if we do sell off hard and close below 3950SPX, then it could bring lower lows into mid of Aug.
If we do close above 4090, then I would redo my ABC move off the lows with B being in place on 14th of July.
Then 4225 becomes the target
The next targets are 4075 and 4090SPX
I have some good confluence with the 4090SPX and as far it was so far away from a week ago, its getting close to it.
Tomorrow is a double directional day, watching for the 4090 to be hit to mark the high.
Also getting close to the monthly closing, tomorrow, also a weekly closing. So a lot of volatility is expected, might do some lotto options.
- Weekly closing resistance level is right at my second target - 4090.80SPX. Closing above will be bullish going into the next week.
- Monthly closing resistance is lower and it's at 3950.50, closing above will be bullish going into the month of Aug. that would support my view on higher low mid Aug.
So tomorrow is a very important day, if we do sell off hard and close below 3950SPX, then it could bring lower lows into mid of Aug.
If we do close above 4090, then I would redo my ABC move off the lows with B being in place on 14th of July.
Then 4225 becomes the target