SPX500 still at the crossroads

27 Tem 2022

trendline still not crossed or rejected. Best to wait and see who wins this battle. Bulls want to see 4020 held for at least a day to push up to 4150+, Bears want 3900 crossed and held to drive it down to 3700-. Fed today, so expect whippy price action. I'll just be watching.

27 Tem 2022

Not

Either up or down should be quick. Down would imply a B and another leg up later, up from here would likely mean we are completing the 3rd wave of C - usually the fastest wave up.

27 Tem 2022

Not

this would be an aggressive short entry

27 Tem 2022

Not

breakout above 4020 looks real. Target should be 4150+