#SPX - If no lower low, it will pop to 2035 or to 2055
- Retraced to Tenkan Sen yesterday then sold off, but no lower low.
- After two red HA candles it is building a green or a doji one now --> undecision
- haDelta/SMA3 has some bullish bias, back to zero line. HA Oscillator is green.
- EWO hit an extreme low, correcting higher now.
- As I pointed in my last analysis on Twitter, 1980-85 is an extremely strong support: weekly and daily Kumo there as well.
If we do not see a lower low today, then Bears will start to cover, Bulls will get some control again.
Retracement is possible to 2035 or even to 2055-60 in a few volatile steps.
I reduced my short exposure by 2/3 yesterday and today.
p.s.: +1 reason: IT IS TURNAROUND TUESDAY!!! :-D Hurray!
- After two red HA candles it is building a green or a doji one now --> undecision
- haDelta/SMA3 has some bullish bias, back to zero line. HA Oscillator is green.
- EWO hit an extreme low, correcting higher now.
- As I pointed in my last analysis on Twitter, 1980-85 is an extremely strong support: weekly and daily Kumo there as well.
If we do not see a lower low today, then Bears will start to cover, Bulls will get some control again.
Retracement is possible to 2035 or even to 2055-60 in a few volatile steps.
I reduced my short exposure by 2/3 yesterday and today.
p.s.: +1 reason: IT IS TURNAROUND TUESDAY!!! :-D Hurray!
elliott-wave-analysis
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