Here we are after a massive 9 day rally at the moment of truth.
SPX500
This where we find out if it is a suckers rally and we are heading lower or a major low is in and we shouldve been long from 2 weeks ago.
Bearish option - We have had a 9 day rally and everyday has had lower volume from the 15th of March spike low. This is not Bullish at all. We are almost at the 61.8% level from the All Time High. This would create a bigger ABCD correction down to the 3800 area. We still have the ABCD down to 4000 as long as 4600 doesnt get taken out.
Bullish option - Still has a Pull Back before higher prices. This could see it come back to 4300 before we could see the next explosive move to the upside and new all time highs. This would be the place to get long and hold on for the last blow off towards 5200.
Plenty to watch for but running out of steam is how im seeing it ATM.
An ABCD move down for the upside or a fast move down for the lower levels.
Maybe a geo-political event over the weekend to start proceedings, or a few more days higher to really get the FOMO going..
Either way I hope this helps.
Enjoy the day!! 👍👍
SPX500
This where we find out if it is a suckers rally and we are heading lower or a major low is in and we shouldve been long from 2 weeks ago.
Bearish option - We have had a 9 day rally and everyday has had lower volume from the 15th of March spike low. This is not Bullish at all. We are almost at the 61.8% level from the All Time High. This would create a bigger ABCD correction down to the 3800 area. We still have the ABCD down to 4000 as long as 4600 doesnt get taken out.
Bullish option - Still has a Pull Back before higher prices. This could see it come back to 4300 before we could see the next explosive move to the upside and new all time highs. This would be the place to get long and hold on for the last blow off towards 5200.
Plenty to watch for but running out of steam is how im seeing it ATM.
An ABCD move down for the upside or a fast move down for the lower levels.
Maybe a geo-political event over the weekend to start proceedings, or a few more days higher to really get the FOMO going..
Either way I hope this helps.
Enjoy the day!! 👍👍
Yorum:
The 21:44 Change in Trend time was the turning point at the 61.8% area from earlier chart.
Above 4550 and this will be invalidated.
Enjoy the weekend. 👍👍
The 21:44 Change in Trend time was the turning point at the 61.8% area from earlier chart.
Above 4550 and this will be invalidated.
Enjoy the weekend. 👍👍
t.me/OCEANAISIGNALS
Check out the free Telegram group for Trade setups and Market Updates. Also one on one coaching now available. AI Subscription coming up shortly for an early bird introduction price.
Check out the free Telegram group for Trade setups and Market Updates. Also one on one coaching now available. AI Subscription coming up shortly for an early bird introduction price.
Intra-day AI has a move lower for the day. This is not a price line only time. Thats why there are key turn points marked.