Technical Analysis and Outlook
The Spooz is currently in a downtrend. Forecasting a drop to Mean Sup $4,385 : a strong buy providing ample opportunity for loading-a-boat for resurgence to retest Mean Res $4,4 80 and follow through to Key Res $4,537. The subsequent significant outcome is Outer Index Rally marked at $4,626 to follow. See the 'Weekly Market...
S&P 500 is signaling to me the formation of a short-term long setup. This is against my HTF stance of looking for 3200. For this short-term setup, I will look for 3330 and then 3370.
Please give this an idea a like if you found it helpful. Price still has the potential to reach lower. Next Objectives are 3280 & 3250. Remember, I am eventually looking for 3200. Refer to the related ideas attached to this post. Thank you.
