What are your thoughts on what's to come for SPX500?
I think we're in for a sell to the previous structure high. Obviously a "Counter trend entry" to ride until we return bullish. Just my Thoughts.....What's your opinion?
Thesis: Bearish Bias break and retest (however either play is at hand). Wait for a break and retest
Notes: Every Bull run has had a correction to the previous structure high. Following that trend.
A Retest would be a 50% prz. for the recent move
and right around 23.6% prz for the entire move.
Daily: Bullish, Trading in a minor consolidation for the past few days.
-Reversal pattern with Doji (Loss of momentum) & Bearish Hammer.
-Con: Seller Exhaustion wicks under support
H4: Bullish ( **Hidden Bearish Divergence @ Minor resistance lvl) look for possible sell off
H1: Bullish
Thesis: Bearish Bias break and retest (however either play is at hand). Wait for a break and retest
Notes: Every Bull run has had a correction to the previous structure high. Following that trend.
A Retest would be a 50% prz. for the recent move
and right around 23.6% prz for the entire move.
Daily: Bullish, Trading in a minor consolidation for the past few days.
-Reversal pattern with Doji (Loss of momentum) & Bearish Hammer.
-Con: Seller Exhaustion wicks under support
H4: Bullish ( **Hidden Bearish Divergence @ Minor resistance lvl) look for possible sell off
H1: Bullish
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