Not sure if the bounce will be all day or half. Expecting a pullback at open and then rally to 3850, maybe even to 3880, then lower.
Note
retracement may already be done, watch for break of low
Note
OK the retracement looks done (right now at least). Targets for next move down is shown. I doubt they get there today, but you never know.
Note
SPX cash may make another run at the pitchfork fib line, it doesn't have to, but it may.
Note
got there, should reject in this area.
Note
that pitchfork Fib has been very important, They can't get over it, so I'm still bearish for CPI tomorrow. It may be wrong, but I'm going to trust the analysis.
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.