With the S&P this week we could see a continuation to the downside towards 4000.
Last week we completed a Gartley to the 61.8% retracement from the ATH @ the 4590 area. That gives us the AB=CD target of 4000 at that level it will still be Bullish however a break below that level might see more selling.
If we look at time and price then our target should be hit the week after next.
There is also the possibility of the correction being over and 4400 will hold the key.
On a 15min timeframe we saw a rally Friday before selling off at the close.
looking for a rally early Monday to sell, I will post the shorter term TF in the comments.
I hope this helps.
Enjoy.
Last week we completed a Gartley to the 61.8% retracement from the ATH @ the 4590 area. That gives us the AB=CD target of 4000 at that level it will still be Bullish however a break below that level might see more selling.
If we look at time and price then our target should be hit the week after next.
There is also the possibility of the correction being over and 4400 will hold the key.
On a 15min timeframe we saw a rally Friday before selling off at the close.
looking for a rally early Monday to sell, I will post the shorter term TF in the comments.
I hope this helps.
Enjoy.
Nota
Shorter TF entry area.
Nota
After yesterdays choppy action we might have a sell signal of substance. 👍👍
Nota
The last chance to be bearish.. Beyond 4580 might mean we go back to ATHs..
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.