Remain bullish corrective on SPX500 for next 2 months!
This price action just isn't looking like a wave 3, so I am updating my previous bullish count from 1 January 2023.
We remain very indecisive and seems like market markers are in control pushing prices against retail.
For now, am looking to play this corrective push-up to anywhere between 4300-4500.. possibly for a 2 month melt up into May, top out as everyone becomes bullish above 4300, everyone goes long but then we find a massive supply zone at 4500, which starts the C-wave dump from June... we need to test that previous 3500 low demand so we probably break just below it to trigger stops like all previous bear markets and then we off for the next bull run.
We remain very indecisive and seems like market markers are in control pushing prices against retail.
For now, am looking to play this corrective push-up to anywhere between 4300-4500.. possibly for a 2 month melt up into May, top out as everyone becomes bullish above 4300, everyone goes long but then we find a massive supply zone at 4500, which starts the C-wave dump from June... we need to test that previous 3500 low demand so we probably break just below it to trigger stops like all previous bear markets and then we off for the next bull run.