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SnowflakeTrader
Dec 6, 2023 11:23 PM

Price may retrace to $449.50 Short

SPDR S&P 500 ETF TRUSTArca

Description

Now that we have completed 3 waves up and a historic over 12% move up, I am looking for a retrace as recently buying failed to make new highs and the price sideways.

We have ES/MES futures roll over in 5 days so we should expect volatility. and a slow creep down to lower prices as a retrace. I still think the prices will make new highs into the last week of the New Year !

What do you think ??

Trade closed: target reached

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