Hello Everyone,

As we enter next week, the primary focus remains on the prevailing upward channel from the SPX 3722 - the bulls remain in control as longs as it remains intact.   A break of the channel suggests the current trend has ended and to look for a Fib retracement of the total move.  Further, the SPX formed a triangle (higher lows and lower highs) late last week so energy is building for a expansion early next week. 

I also posted on the trading community a couple of potential fractal charts to monitor beginning next week.  1). The 7 points swing that played out nicely (many doubted when I posted near the lows)  2).  The similarities between the current price action and that of early June.   This may align with the cycle we have been monitoring recently. 

Here's a link to Tonight's Newsletter.

Please take a moment to look at the trade ideas.

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