Spx is on a bull run throughout 2024 , the bet is for the index to move higher catalyzed by us elections which iam using as tailwind to propel it higher ( the election might turn out to be a headwind who knows ) Price is at weekly demand and the daily trendline is broken. A fibonacci extension target is above.
3month supply is in control daily trendline is broken with a rally base drop entry on daily timeframe at the base 5RR
I trade supply and demand weekly supply is in control daily trendline is broken 4hr trendline is broken too 4.8 RR
I see an imbalance at around ksh 19 and if its hit and takes out the trendline then it's a good buy and hold opportunity.