SPX Long, expecting closed all week high
SPX closed at $3998.95 (Almost $4000) today. Expecting a higher close point between $4010-4038.
Watch for turning point -- but mostly followed with a pull back to retest 30F(Green) pivot ZG (higher support line around $3970), and move uptrend.
Red -- drop back into the consolidation area for more wave.
-- News -- in next 10-days Xi & Biden will have a meeting (video meeting?) We'll see whether supply chain issue will smooth a little -- If works, SPX go towards 4300s.
Watch for turning point -- but mostly followed with a pull back to retest 30F(Green) pivot ZG (higher support line around $3970), and move uptrend.
Red -- drop back into the consolidation area for more wave.
-- News -- in next 10-days Xi & Biden will have a meeting (video meeting?) We'll see whether supply chain issue will smooth a little -- If works, SPX go towards 4300s.
Note
Cannot drop below $3928 -- entering green pivot area will try reach bottom $3800/3795/3730
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.