It looks like the impulse wave that began on March 23 finished this month, and a flat correction wave is currently being formed. Correction should see the index drop to $2800, at which point it will resume its bullish trend and rally to $3130, for this level is significant (it is where the market tried to resume its rally in the midst of the SARS-CoV-2 crash). Look to go long on Friday at the closing bell or Monday at the open.
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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.