S&P Market review
Updated
The S&P 500 has been under some selling pressure we are currently sitting in between two trigger levels if we find support here and trigger bull we can see the S&P double by term end if we trigger bear we have a few gaps to fill below.
Bull Scenario
[Path 1] SPY triggers Bull to Mark Up into our Bull Targets
[Path 2] SPY finds support at our Bear Trigger to Mark Up into our Bull Trigger
Bear Scenario
[Path 1] SPY triggers Bear into our Bear Targets
[Path 2] SPY finds Resistance at our Bull Trigger and Marks Down into our Bear Targets
The pivot level is a pivot of order flow
Bull Scenario
[Path 1] SPY triggers Bull to Mark Up into our Bull Targets
[Path 2] SPY finds support at our Bear Trigger to Mark Up into our Bull Trigger
Bear Scenario
[Path 1] SPY triggers Bear into our Bear Targets
[Path 2] SPY finds Resistance at our Bull Trigger and Marks Down into our Bear Targets
The pivot level is a pivot of order flow
Note
We hit our bear target and now working our way back into our pivot level gaining that sets us up for bullish action!
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