Technical Analysis and Outlook After partially (July 18) fulfilling our down move, the index completed Inner Index Rally 4010. Currently, we have Mean Res 4000 in the making (Not confirmed by Trade Selecter System). However, all things considered, the market is very likely to retest Mean Sup 3829. before confirming and retesting the 4000 mark.
What is the liklihood of a retest of 4000? It seems likely based on previous SPX rallies in 2022. But the exception was the March rally that peaked on 3/29 at 4640 without a retest.
TradeSelecter
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@BlkGold, I/we do not know at this point: As I've stated ''Mean Res 4000 is in the making and is not confirmed by Trade Selecter System'' This symmetry and price action (TARC- proprietary/trademark symbol of the T-S-S) will be known in the upcoming day or two. However, pull-down can be very swift and vicious to Mean Sup 3829.
TraderV123
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Thanks for your analysis! informative as always. Im looking to 3620! GLTA