Looking at the weekly chart I see price bounced higher of the kumo.
On the daily chart, a possible bullish head and shoulder pattern is forming.
It looks to me that the neckline break and the kumo break could coincide.
My guess is that if the S&P 500 breaks above 2815 there will be a high probability price moves higher to make new highs.
See the weekly chart:
On the daily chart, a possible bullish head and shoulder pattern is forming.
It looks to me that the neckline break and the kumo break could coincide.
My guess is that if the S&P 500 breaks above 2815 there will be a high probability price moves higher to make new highs.
See the weekly chart:
Comment:
The right shoulder formed a bit lower, but has formed!
Order cancelled:
Brace for impact if we break below 2600.