sergej2020

sergej2020

Important levels to monitor for support on SP:SPX we are now at monthly trend-line support from bottom of 2022 to bottom of 2023. Next support will be top of January 2022 which is 4791 and trendline from Covid 2020 lows and 2022 lows. If it breaks next 4589-4500. We may first go up and test 20 month moving average around 5260.

sergej2020

If we get 50% pull back then second leg down may take us to August lows of 5200. This coming week should continue up move to 50% retracement then possible down move to 5200 the staring first week of April.

sergej2020

on 4 hour chart ES looks like entering tightening triangle consolidation which can resolve either way but most likely continue bullish momentum.