I see several wedges forming, I expect a dump towards 3570 a new ATH @ about 3760 , a correction towards 3470 and last impulse to 3900 ATH where a very deep correction will start fincancial crisis
I see a little bullish leg towards tp 662$ before dump
I can see a rising wedge broken with tp around 1647$ and a falling wedge forming , tp around 2140$ so I expect last bearish leg with tp 1647 where bullish trend could restart with tp 2140$
Today's PA formed the H of an Inverse H&S , I expect right shoulder forming , my buy area is in the range (38,7 - 39.3) tp 48$ area
I think S&P will do new ATH, Wti will follow , next tp 45$ final tp about 53/54$ where I think a Big short PA will start
I think in the short term wti 'll show a correction to 42.5$ area where bullish trend will restart towards 48$ area
WTI formed a falling wedge (blue lines) and the price rised from 33 to 47 level Now we're completing a rising wedge , we've a bearish divergence, it's not clear to me if we'll ve last bullish step towards 48/49 area , but I think that next week the wedge'll be broken and about 8$ fall starts towards 39$ area where bullish trend will resume towards 53$ area
Broken rising wedge and fibonacci levels shows a potential tp @ 3575 in the short term
Update of the previous chart showing fibo levels as supports
SPX broke the blue wedge in november so I expect a final tp at about 3895. I think that now 3rd wave is completed so I expect a retrace about 50% fibonacci of the 3rd wave on the upper trendline of the wedge at about 3470 where wave 5th will start to get final tp
I think Gold is retesting the broken triangle before next bearish wave
SPX touched 3700 area, we can see an RSI divergence on Dayly tf, I expect a correction before new ATH towards 3830 area
On the daily chart correction seems not over so I expect a retest of SMA 50, if this support holds bull trend will restart with tp 45$
if we break the flag we cdan retest the trendline broken in march then dump again towards 17$ area