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JerryManders
Aug 5, 2022 12:42 PM

Reaccumulation backup/retest. Next markup will be to 4250-4300 Long

US SPX 500OANDA

Description

Buy Here

Reaccumulation backup/retest. Next markup will be to 4250-4300
Comments
quinnie0930
Hope you're enjoying all the squeezes happening :). 7th is a sunday. I think your angle is tiny bit off but looking good!
JerryManders
@quinnie0930, Seeing 4270-4300 before next pullback - then 1 more leg up to complete the bullish impulse off the lows. If it can form a higher low after that around .618 of where the 5th wave ends then I think we can call June lows the bottom and then continue to new ATH by March 2023
quinnie0930
@otwa2113, yeah I agree, it will hit 4300 and QQQ hitting 329-333 before pulling back. I think we have a small pullback tomorrow though. QQQ might go to 311-315 before going higher
JerryManders
@quinnie0930, I just learned how to do angles, yup
TraderV123
Thanks for your analysis! Not enough gas in the tank for a move up yet IMO. Need to take out new retail long Stop Losses first. Looking for a deeper retrace before the next leg up. GLTA!
bb0168896
@TraderV123 I'm leaning towards a move higher, stalling out around 4223, then breaking down to 4000 before heading back up to 4300 or so
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