SPX - a bit more to go

Apr 23, 2023

Presented is my reasoning why 4200+ is likely this week coming or next. Having said that any push up to 4200+ will be a wonderful short opportunity. I compare where the market is now to where IWM was in it's 2020 consolidation and why RSI is important to look at for "breakouts". I hope it's helpful

Good luck!

Apr 24, 2023

Note

overnight there's been a breakout of the downward channel, I expect a retest and then higher for the day.

Apr 24, 2023

Note

test of channel. We could be in a larger ABC, if so - this may be happening.

Apr 24, 2023

Note

so far looks good for a C up, then we may have a bigger sell off after before the final run up. SO more time wasting.....

Apr 25, 2023

Note

good morning, chopfest continues. B wave has been extended. It's still pretty low on the houlry rsi, so I expect a move up today for a C wave.

Apr 25, 2023

Note

some economy numbers at 10am today us.econoday.com/byweek.asp

Apr 25, 2023

Note

closer view

Apr 25, 2023

Note

channel test at open, should be support, we'll see.......

Apr 25, 2023

Note

we're still holding here, 1hr rsi on the floor in futures...

Apr 25, 2023

Note

lower trendline reached rsi is very low on mid time frames...

Apr 25, 2023

Note

Apr 25, 2023

Note

ES has reached the daily BB, usually a support area.

Apr 26, 2023

Note

2 hr rsi divergece should get us a rally today for a B wave, then C down.....