S&P Market review

1 Ara 2021

The S&P 500 has been under some selling pressure we are currently sitting in between two trigger levels if we find support here and trigger bull we can see the S&P double by term end if we trigger bear we have a few gaps to fill below.

Bull Scenario

[Path 1] SPY triggers Bull to Mark Up into our Bull Targets

[Path 2] SPY finds support at our Bear Trigger to Mark Up into our Bull Trigger

Bear Scenario

[Path 1] SPY triggers Bear into our Bear Targets

[Path 2] SPY finds Resistance at our Bull Trigger and Marks Down into our Bear Targets

The pivot level is a pivot of order flow

2 Ara 2021

Not

We hit our bear target and now working our way back into our pivot level gaining that sets us up for bullish action!