FX:SPX500   S&P 500 Index
344 0 12
The HH = higher highs, H - High and LH - lower high followed by L = low, HL = Higher Low and DB             = double bottom
the seems to have hit a trend, we need validation to see if this trend is holding. If we go down to 1940 it would mean the trend is holding and we are headed the LH route until that is breached. To breach that we would need 2117 as a confirmation. The fact the market showed weakness on Thursday with the gap down and panic buyers showing up as they did not expect that weakness is interesting. MACD is showing a divergence too.

I laid out a target based on prior moves, the market does not have to mimic prior moves but if the market is undecided it would mean we are headed a path of similar sentiment.

Its going to be an interesting week ahead :). if we do break that purple LH line and move up we would need confirmation at level. Scalpers can benefit from both moves as targets are well defined. Swing traders could struggle a little bit until trend is established.
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