ridethepig

Are the highs almost in?

OANDA:SPX500USD   S&P 500 Index
Here we can see the market retesting support after failing to complete the 5th wave targets in the sequence. To put it simply, since Mueller has been cleared we have the fuel but anything beyond to the topside seems very difficult.

I expect bulls to come in over the next few sessions and clean the 5 wave sequence. A break of 2800 to the downside would allow for some more room towards 2740 which would ultimately be the level to watch for a base. Weakness beyond here would be very concerning.

Best of luck to all those in US Equities and positioning for the FY end.

Comment: 2926 looks in play for NFP this week
Trade closed: target reached: 2,926 ! Well played all those on the buy side !

Expecting bears to come in and profits to be taken ... watch for signs of a top.
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