SPX Futures 4200 SQUEEZE anyone?
We wantzes the trend line. We must have itzs.
Everything everywhere on small caps feel bottomed out. Time for a price exploration to the top side. I think we'll have one really dramatic plunge which will also indicate the SPX is exhausting to the down side. I believe a standard fib extension scenario is playing out and ends above 8400 or so. We've come half back to a possible 50% sub fib between the larger fibs. It was a weak 50% line as multiple breaks of it before this run we went on. Makes sense it would come back to the long term point of control and that line prior to running. And patterns love to squeeze and revisit/retest big trend lines. I think we could see 400-800 pt swings within only days of each other coming up here. If so, gonna be epic and dangerous.
Everything everywhere on small caps feel bottomed out. Time for a price exploration to the top side. I think we'll have one really dramatic plunge which will also indicate the SPX is exhausting to the down side. I believe a standard fib extension scenario is playing out and ends above 8400 or so. We've come half back to a possible 50% sub fib between the larger fibs. It was a weak 50% line as multiple breaks of it before this run we went on. Makes sense it would come back to the long term point of control and that line prior to running. And patterns love to squeeze and revisit/retest big trend lines. I think we could see 400-800 pt swings within only days of each other coming up here. If so, gonna be epic and dangerous.