damanisca

damanisca

Bounce from 50 EMA, acted as support last two times. Also last two daily candle bodies are holding the .318 fib from the Mar 4th dip. Bull case tomorrow we test top of channel at 3950. Bear case is the little white downtrend line holds and we retest 3860 and most likely 3820 early next week.

damanisca Updated 

Rejection at .618 Fib of overall downside move, ABCD pattern makes sense with a 2000 SPX target mid May. Daily MACD and Stoch are curling down...

damanisca

Hope

damanisca

As long as we keep using ~8500 as support we can break and soar through the cloudssssssss...just can't break the ascending wedge we are making,

damanisca

If we close today and 7140 holds target 10K!!! Hourly looks like descending triangle which could be reversal pattern and we touched the 100 week MA.