With the S&P this week we could see a continuation to the downside towards 4000.
Last week we completed a Gartley to the 61.8% retracement from the ATH @ the 4590 area. That gives us the AB=CD target of 4000 at that level it will still be Bullish however a break below that level might see more selling.
If we look at time and price then our target should be hit the week after next.
There is also the possibility of the correction being over and 4400 will hold the key.
On a 15min timeframe we saw a rally Friday before selling off at the close.
looking for a rally early Monday to sell, I will post the shorter term TF in the comments.
I hope this helps.
Enjoy.
Last week we completed a Gartley to the 61.8% retracement from the ATH @ the 4590 area. That gives us the AB=CD target of 4000 at that level it will still be Bullish however a break below that level might see more selling.
If we look at time and price then our target should be hit the week after next.
There is also the possibility of the correction being over and 4400 will hold the key.
On a 15min timeframe we saw a rally Friday before selling off at the close.
looking for a rally early Monday to sell, I will post the shorter term TF in the comments.
I hope this helps.
Enjoy.
Note
Shorter TF entry area.
Note
After yesterdays choppy action we might have a sell signal of substance. 👍👍
Note
The last chance to be bearish.. Beyond 4580 might mean we go back to ATHs..
t.me/OCEANAISIGNALS
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t.me/OCEANAISIGNALS
Check out the free Telegram group for Trade setups and Market Updates. Also one on one coaching now available. AI Subscription coming up shortly for an early bird introduction price.
Check out the free Telegram group for Trade setups and Market Updates. Also one on one coaching now available. AI Subscription coming up shortly for an early bird introduction price.
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.