S&P 500 DRAFT 5A
BEEN ABSOLUTELY CRUSHING SP&500. SO THIS IS WHAT IS COMING UP.
Notes: There is a ceiling here under 3500 for a couple of weeks. I actually think this should top really soon and start moving down (posting this Sunday night CT). Volume is not indicative of a break out yet. It is saying that bid/ask is disproportionate to the money coming in, in a bad way. Meanwhile, price is in do or die situation. All the angles say back down significantly by 12/15 to 12/25. I really don't have time to do "line bye line" count to get detail price moves but basically we are going to 3050-3100 sometime in December, then all way back up again after that. If I have time, I will do draft 5B, but I probably won't soon.
Notes: There is a ceiling here under 3500 for a couple of weeks. I actually think this should top really soon and start moving down (posting this Sunday night CT). Volume is not indicative of a break out yet. It is saying that bid/ask is disproportionate to the money coming in, in a bad way. Meanwhile, price is in do or die situation. All the angles say back down significantly by 12/15 to 12/25. I really don't have time to do "line bye line" count to get detail price moves but basically we are going to 3050-3100 sometime in December, then all way back up again after that. If I have time, I will do draft 5B, but I probably won't soon.
Note
When I typed that last night and said ceiling 3500, it was a typo, it should say 3600, it was already 3562 at that time of posting.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.