S&P500 - Possible Short Term Top in.

업데이트됨

is looking like its in the end of the move higher. Thursday/Friday were very slow after the early week rally even with NFPs giving things a spike.
now we look for Monday to give us some clues for the next move.
Option 1 - We get a move down to 5320 before one more high up to 5400 area.
Option 2 - The top is in on this run from the April low and we get a deeper PB down towards 5200 followed by another ATH around 5500.
Option 3 - But less likely, it holds Fridays lows and we get one more run up to 5400 then a deeper correction.

Things to watch going into this week with Inflation data Wednesday/Thursday and the next Interest rate decision out of the US Wednesday were they are expected to keep things at the same level.

I will also post expected intra-day movements throughout the week.

Enjoy the week, watch for Monday clues.

노트

Still quiet here, but on the short term still looking for that move higher but still a possibility of a deeper correction first. Likely to be slow until Wednesday.

노트

Coming into CPI Data & US Interest rates today we are getting near the upside targets after we got the slightly deeper PB. The question now is, do we spike up into the reversal zone and then start to sell off or do we just run straight through and look for higher levels. Either way its going to be a wild couple of days.

Enjoy the day.

노트

After a fairly quiet end to the week and a 3 day correction it looks as though we are headed higher one more time towards 5472 & 5500 before we see any decent correction. With a quiet week on the data side of things for the US we shouldn't see the spikes we had last week.

Enjoy the week.

노트

Intraday bullish scenario. Quiet so far today.

노트

We got the PB into the 382 yesterday then it rallied all day. Now we are looking for a top. I'd like to see 5500, then a sell off from there. But the sell off would only be corrective before going higher again.
Public holiday Wednesday in the US so there won't be much happening.

Enjoy the day

노트

We came up just short of the 1 SD level and had a sell off. Now we look to see if there is more selling or that was just another one day correction. Friday generally being bullish.

노트

For it to stay on the downside we need to close below 5500.

노트

After a quiet Friday with no big bullish rally, we are set for lower prices and a decent correction down towards 5400. Monthly AI has weakness for most of the week.

노트

After exceeding the upper levels I was looking at we are now at the 1.618% extension level from the 2023 high. There is also the bigger ABCD Target up at 6100. As it looks we will likely see a correction here then followed by more upside. A move back to 5500 would be nice. Monday will give us the clues. Not a lot of market moving data this week but we are getting into Earnings with the Banks kicking us off as usual.

Enjoy the week.

노트