SPX must take 3997 to continue higher
Very important to get above 3992-97 tomorrow to continue this move up!
If we reject it in am, very dangerous sign.
Ideally we go up into that target, then retrace and go above 4k level.
The price penetrated my support cluster zone (3910-50) and (very important) closed above all 4 supports we broke today, its bullish.
The issue is, we need a confirmation and trade above Thursday close. Also the 3992-97 resistance zone! Last time we failed that test, the rest is history.
So tomorrow numbers are going to be an important market mover imo,
Projected high is on the 5th, low is on the 7th and high is on the 12-13th, ABC like move up is what Im expecting
Main resistance is at 4025SPX and the 4076-80SPX
Very important - the surprise is on the downside! This has a potential to crash hard, have stops!
Have a good night
If we reject it in am, very dangerous sign.
Ideally we go up into that target, then retrace and go above 4k level.
The price penetrated my support cluster zone (3910-50) and (very important) closed above all 4 supports we broke today, its bullish.
The issue is, we need a confirmation and trade above Thursday close. Also the 3992-97 resistance zone! Last time we failed that test, the rest is history.
So tomorrow numbers are going to be an important market mover imo,
Projected high is on the 5th, low is on the 7th and high is on the 12-13th, ABC like move up is what Im expecting
Main resistance is at 4025SPX and the 4076-80SPX
Very important - the surprise is on the downside! This has a potential to crash hard, have stops!
Have a good night
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