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SPXUSD is nearing the completion of the corrective move higher. We have just completed the ABCD to the downside with a nice rally later in the US session yesterday to move off the low.
Today we have 2 levels to watch.
Option 1- Temp Bullish.
This will see us head higher into the 4680-4720 area a little higher than the 78% level. Then this would bring the start of the move lower towards 4k. April the 12-13th is a major Monthly AI turn point and astro event. This is where this scenario is lining up nicely.
Option 2 - Corrective move finished.
This more bearish option would take us to the 4550 -4565 area before failing in a 135 bearish pattern.
Either way we are nearing a top or its already in.
I hope this helps.
Let me know your thoughts.
SPXUSD is nearing the completion of the corrective move higher. We have just completed the ABCD to the downside with a nice rally later in the US session yesterday to move off the low. Today we have 2 levels to watch.
Option 1- Temp Bullish.
This will see us head higher into the 4680-4720 area a little higher than the 78% level. Then this would bring the start of the move lower towards 4k. April the 12-13th is a major Monthly AI turn point and astro event. This is where this scenario is lining up nicely.
Option 2 - Corrective move finished.
This more bearish option would take us to the 4550 -4565 area before failing in a 135 bearish pattern.
Either way we are nearing a top or its already in.
I hope this helps.
Let me know your thoughts.
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.