SP500 - Target area looking clear!!

2 May 2022

SPXUSD Is sitting nicely to get to the expected low of 3930-3950.
But weather that hits this week or we get another rally is yet to be seen.
At this level we have the -1 Standard Deviation level which we will see a bounce shall we get there.
Also the C-D leg is a lot quicker moving to the downside which means we could see a decent bounce back to 4300 before moving lower or the more bearish option is we continue lower to go below 3930 and start looking for lower prices and maybe quickly.

Longer term look.
I will post the AI for today as well to show a possible cit window coming up shortly..

I hope this helps. Enjoy the day.👍👍

2 May 2022

Not

Below here we are in trouble.

3 May 2022

Not

Inverted AI but timing was right at a 1.618 extension and then the same to the downside. Wild moves!!

3 May 2022

Not

The open looks to be the critical time today. Down into the open could mean a reversal and up into the open could mean we are heading lower again.
Big day ahead.