I think the move up is not over yet, needs to hold 3830-45 (45 is the gap fill zone), below will get us down to test 3730-60 zone again.
3730 is the main support at the moment.
All my resistance numbers from July 7th post are active! Please note that the C&H formation is still out there and it needs to get above 3945SPX to trigger the rally to 4225+
There is also a possible W formation in play with the right V low to hit my main target 3555-50 with a possible stretch to 3500. So quite hard place to be swing long or short. day trade is the answer for now. There is a great long setup is coming soon for the big rally in Aug. Ideally of my target zone.
Thinking of today's low to hold and rally up into mid week before a good size sell off down to 3730-60 at min.
Im traveling today/tomorrow, wont be on much to update.
3730 is the main support at the moment.
All my resistance numbers from July 7th post are active! Please note that the C&H formation is still out there and it needs to get above 3945SPX to trigger the rally to 4225+
There is also a possible W formation in play with the right V low to hit my main target 3555-50 with a possible stretch to 3500. So quite hard place to be swing long or short. day trade is the answer for now. There is a great long setup is coming soon for the big rally in Aug. Ideally of my target zone.
Thinking of today's low to hold and rally up into mid week before a good size sell off down to 3730-60 at min.
Im traveling today/tomorrow, wont be on much to update.