SPX weekly
7 Nov Mon
As expected there was a rejection of the 3900 level. Price went down and bounced off first demand zone creating a long wick on the downside. This suggest bullish potential for the week and cllustering near or a break above 3900.
14 Nov Mon
CPI sent the price up. Currently at the sloped resistance. We haven't broken bearish cycle yet, but the situation looks promising.
19 Nov Sat
After breaking 3900 level price formed indecision candle. Could be retest before the pump, especially that volume is a lower than what we have seen in the past 2 months.
Next week we can see another bounce down to 3900 with possible wick below it and rally up to 4100 or straight up rally up to 4100 where price will react down.
26 Nov Sat
SPX weekly looks bullish. Price goes with healthy stops on the way up. We have broken past last weeks high and heading toward next supply area around 4100 which is the first place of potential reaction down.
As expected there was a rejection of the 3900 level. Price went down and bounced off first demand zone creating a long wick on the downside. This suggest bullish potential for the week and cllustering near or a break above 3900.
14 Nov Mon
CPI sent the price up. Currently at the sloped resistance. We haven't broken bearish cycle yet, but the situation looks promising.
19 Nov Sat
After breaking 3900 level price formed indecision candle. Could be retest before the pump, especially that volume is a lower than what we have seen in the past 2 months.
Next week we can see another bounce down to 3900 with possible wick below it and rally up to 4100 or straight up rally up to 4100 where price will react down.
26 Nov Sat
SPX weekly looks bullish. Price goes with healthy stops on the way up. We have broken past last weeks high and heading toward next supply area around 4100 which is the first place of potential reaction down.
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