On February 01st, we released this with a "Neutral" directional bias pending a market reversal confirmation signal. This signal has yet to come, however, at that time, we highlighted two significant overhead resistance, one at 21.84 representing a probable level of reversal, and a second at 22.16, representing a historical structure high, which if transgressed, would invalidate our outlook.
target remains intact. overhead resistance levels remain valid. Directional bias is neutral-to-bearish.
David Alcindor | 4xQuad
Predictive Analysis & Forecasting
Denver, Colorado, USA
PS: Here is a weekly SPX chart worth considering:
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