S&P Market review

The S&P 500 has been under some selling pressure we are currently sitting in between two trigger levels if we find support here and trigger bull we can see the S&P double by term end if we trigger bear we have a few gaps to fill below.

Bull Scenario

SPY triggers Bull to Mark Up into our Bull Targets

SPY finds support at our Bear Trigger to Mark Up into our Bull Trigger

Bear Scenario

SPY triggers Bear into our Bear Targets

SPY finds Resistance at our Bull Trigger and Marks Down into our Bear Targets

The pivot level is a pivot of order flow

Komen:

We hit our bear target and now working our way back into our pivot level gaining that sets us up for bullish action!