$SPX: Likely Higher

FX:SPX500   S&P 500 Index
228 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 .
Quantum, how did you get blank space above price? When I try and do a fir extension I run out of overhead room.
Compress prices
Quantum_Maryland_Capital Quantum_Maryland_Capital
And then drag down the graph.......exposing higher prices. I should get two likes but one will do.
dryanhawley Quantum_Maryland_Capital
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.
Dont use the mouse just use the pointer to compress prices. And then do the same in the open graph field to expand.
I agree, the pullback should be there imminent before another push.
Agreed but there is little to suggest exactly when. Maybe we'll see a candle Monday or Tuesday hinting at what we both expect.
2174 is my target... once we break 2137 it's going to fly.
+1 Reply
Excellent chart and in my work there is confluence in the low 70's. Thanks
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