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Masserra

SPX Revisiting Lows Soon?

Short
S&P 500 Index (OANDA:SPX500USD)  
Masserra  
OANDA:SPX500USD   S&P 500 Index
Head and Shoulders Supply and Demand Support and Resistance
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headandshoulders supplyanddemand supportandresistance
Possible scenario forecast:
  • Loss of M6 Mid range leaving behind a strong W1 supply
  • Keeps dwindling around the Y1 Open / M6 Mid eventually seeking liquidity down for a final pump higher
  • Rejects from the W1 Supply finalising the H&S and giving us a potential target
  • Dumps back below the Y1 Open / M6 Mid and H&S neckline
  • Rejects off of Y1 Open starting the expansion down to our potential target of $3418
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