FX:SPX500   S&P 500 index of US listed shares
226 9 7
Despite being overbought, I think the crowded trade long has further to go.

If we clear all of the clutter illustrated on the chart, I think we work our ways towards the green box. The call outs are mostly calculated areas of resistance and levels to watch.

I think we are in the third wave of a subset and should see a pullback before the target area is hit. Be careful trading around 2131 as its the last remaining line of resistance or in EW speak, pivot .
gLloW PRO
7 months ago
2174 is my target... once we break 2137 it's going to fly.
snapshot
+1 Reply
Quantum_Maryland_Capital gLloW
7 months ago
Excellent chart and in my work there is confluence in the low 70's. Thanks
Reply
Vytasbcn
7 months ago
I agree, the pullback should be there imminent before another push.
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Quantum_Maryland_Capital Vytasbcn
7 months ago
Agreed but there is little to suggest exactly when. Maybe we'll see a candle Monday or Tuesday hinting at what we both expect.
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dryanhawley
7 months ago
Quantum, how did you get blank space above price? When I try and do a fir extension I run out of overhead room.
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Quantum_Maryland_Capital dryanhawley
7 months ago
Compress prices
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Quantum_Maryland_Capital Quantum_Maryland_Capital
7 months ago
And then drag down the graph.......exposing higher prices. I should get two likes but one will do.
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dryanhawley Quantum_Maryland_Capital
7 months ago
I will be glad to give you two likes, if you tell me how to compress price... The very first thing I tried was to scrunch up price and drag down, but nothing happens.. I have looked at every menu and I don't see "compress price" which is what I thought I was doing by using my mouse wheel to show more candles, scrunched up.
Reply
Quantum_Maryland_Capital dryanhawley
7 months ago
Dont use the mouse just use the pointer to compress prices. And then do the same in the open graph field to expand.
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