My preferred view of SPX right now! Although we're showing signs of resistance currently, my expectation would be us continuing slightly higher into this heavy cluster of resistance around $4450. I don't see us easily surpassing this level.
I still find the $4000 area likely, as I'm watching for a second bearish wave before we see any real bullish continuation into 2024. My current target stands around $4100, as marked by the Fibonacci Golden Pocket- I could also see us dropping slightly below $4000, breaking April's lows. I'm prepared for any scenario surrounding these areas and plan to accumulate heavily around these levels.
I still find the $4000 area likely, as I'm watching for a second bearish wave before we see any real bullish continuation into 2024. My current target stands around $4100, as marked by the Fibonacci Golden Pocket- I could also see us dropping slightly below $4000, breaking April's lows. I'm prepared for any scenario surrounding these areas and plan to accumulate heavily around these levels.