Spor the break and retest of trendlines, price action looks good as long as we get an engulf
I spot buyers failed to retrace 50% of previous candle, I expect a move dwon tot the 50% fib level.
Expecting SPX to move its way up . It is currently going for the right leg of the W formation. It is at 50% of previous week retracement level. If this zone holds we are getting a good move up. If it breaks, wait for the retest on the downside for a sell. Expect a buy of the dip. once it reaches 50% to 61% of fib level (green suoport zone)
Stuck on daily high and previous weekly highs coming up. Lets see how this moves. In order to signify a good move up we need to look for that break of both zones, If we do not get it, then it will sink back to the .61 on the fib level for a double bottom. I see a bullish falling wedge on a higher time frame, a break and retest will give a huge push (unlikely soon)
I see US 30 sinking short term , It broke the W nose and retested on the bottom side as the neckline of a head and shoulders. I se it dropping to trend line and moving its way up
Spor a sell to finish the head and shoulders here, looking at level 131 to buyers
Long move to the upside after stock market closed 300+ up. It has broken above the .618 level on the fib based off of the daily. Expecting a move up yet again due to the failed engulf candle to the upside, Look for an entry at the retest of the .50 or the .618.