Sp500 mini/ HUGE move incoming

١ مايو ٢٠٢٢

We are at a critical point in the chart that could determine the next several months of price action. We have entered our green box of support around $4100 which leaves us two options. Option (1), Buyers find support yet again at this level and we rally all the way back to our trend line - $4500. Option (2), We end up losing this support, flipping it into new sell pressure, which would lead us to a catastrophic drop to around our last ATH (before COVID) which ranges in the $3400 range.