S&P500 This Week Perspective
This week should be the turning point on weekly chart and price should start falling off the high next week. Are we talking about the odds here, the import point I want to stress on here is the weekly high 2044 must be respected. Any breakout of this high will turn S&P 500 into bullish mode again 2064, 2070, and 2099 are possible targets.
Our projections are short now of current price and take initial profit at 2022, and hold the remainder position to further targets (green lines). If high is broken take small loss and buy the retest for big move up to the blue lines.
I will publish entry setups next week if there is time to do so. Right now I hope you can benefit from this weekly analysis.
This week should be the turning point on weekly chart and price should start falling off the high next week. Are we talking about the odds here, the import point I want to stress on here is the weekly high 2044 must be respected. Any breakout of this high will turn S&P 500 into bullish mode again 2064, 2070, and 2099 are possible targets.
Our projections are short now of current price and take initial profit at 2022, and hold the remainder position to further targets (green lines). If high is broken take small loss and buy the retest for big move up to the blue lines.
I will publish entry setups next week if there is time to do so. Right now I hope you can benefit from this weekly analysis.