As you can see there is a lot of confluence at 3970 level (This chart become quite busy with the trendlines)
If we do gap down tomorrow below 3970, I will be looking to buy 3928-39SPX level for a broken trendline test, if not more.
This chart is similar to the ES, but has a higher level of support, so they have a bit different short term look one from another to my eyes, but the main picture is the same.
I really dont have much of a support if 3890-3910.50 is gone till 3744SPX!
So it better hold that level and ideally the 3928-39SPX support box.
Same as the ES, SPX has its trading cycles bearish now, expect short the rips all the way till the 19th of Dec!
Have a good night
If we do gap down tomorrow below 3970, I will be looking to buy 3928-39SPX level for a broken trendline test, if not more.
This chart is similar to the ES, but has a higher level of support, so they have a bit different short term look one from another to my eyes, but the main picture is the same.
I really dont have much of a support if 3890-3910.50 is gone till 3744SPX!
So it better hold that level and ideally the 3928-39SPX support box.
Same as the ES, SPX has its trading cycles bearish now, expect short the rips all the way till the 19th of Dec!
Have a good night
Nota
As a reminder of my long-term view.This was posted on Dec 5th!
The B wave is about to get completed
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.