If there’s any hope of a growing bull market, at minimum I’d expect the lower green trend line to hold.
These are the battle lines for the S&P. Green trend line is support. If that breaks with volume, high probability move to first red line - 6.5% correction (mild). If that breaks, next bear target would be second red line - 10% correction (medium). Then third red line is 15% correction (hot), fourth red line is 20% correction (flaming hot). Buy zones are between...
Gartley pattern has formed on the weekly time frame. We also have a bounce off of a long term trend line, oversold stochastics, and a counter trendline break on the daily chart. Bought at 1.63850 1st Target- 1.68408 2nd Target- 1.70289
USDCHF has an unfilled gap. DXY short bias will help push the market down to fill the gap.
NZD/USD touches major support, expecting a short term rally. Note there is an unfilled gap on 4hr chart.