A move up to that target zone, then a sizeable abc
pullback maybe 200 points, that could take a couple weeks or
larger. Then a higher low and another move up that could form a
double top or slight higher high then dump
this would play out well with seasonality as it would probably
take through most of Aug to play out as weak seasonality tends to
be in September
SPX one scenario
Posted by matt on 29th of Jul 2022 at 02:36 pm
$SPX - Chart Linkthe daily shows a couple scenarios
A move up to that target zone, then a sizeable abc pullback maybe 200 points, that could take a couple weeks or larger. Then a higher low and another move up that could form a double top or slight higher high then dump
this would play out well with seasonality as it would probably take through most of Aug to play out as weak seasonality tends to be in September
Do you see a scenario
Posted by Breakdown on 29th of Jul 2022 at 03:13 pm
Do you see a scenario where we go down from here to the 4000 area? Was thinking SPY before the edit.
Thanks for the SPX chart
Posted by srusso1 on 29th of Jul 2022 at 02:45 pm
Thanks for the SPX chart vision and the resistance and support lines give good probability for price action ideas