SPX500 8 July Update
Good Morning Traders
Trust that everyone is in gains and profits are locked away or banked.
we have noticed something strange and which seems like a coincidence
7/7/2020
On the SPY chart at 15:30 New york open ( SA time ) we noticed a low was put in at price of 314.92
then on the spx500 chart at 21:45 (SA time ) we noticed that spx500 made a low of 3142.94
these price actions where 6 hours and 15 mins apart.
we take it as NYSE set the low first then spx500 went on to close around the same price area
8/7/2020
if this pattern holds true
then we estimate a low around 3133.70 on about 4:00 - 5:15am 8/7/2020
its just another piece of the puzzle as we unravel the secrets of the sp500 index
we also see a retest of 3190 and a possible high target around 3206-3206.80 area
we take note that key support at 3125 and 3140 / 3144 area
over ahead resistance at 3170/3180
Trust that everyone is in gains and profits are locked away or banked.
we have noticed something strange and which seems like a coincidence
7/7/2020
On the SPY chart at 15:30 New york open ( SA time ) we noticed a low was put in at price of 314.92
then on the spx500 chart at 21:45 (SA time ) we noticed that spx500 made a low of 3142.94
these price actions where 6 hours and 15 mins apart.
we take it as NYSE set the low first then spx500 went on to close around the same price area
8/7/2020
if this pattern holds true
then we estimate a low around 3133.70 on about 4:00 - 5:15am 8/7/2020
its just another piece of the puzzle as we unravel the secrets of the sp500 index
we also see a retest of 3190 and a possible high target around 3206-3206.80 area
we take note that key support at 3125 and 3140 / 3144 area
over ahead resistance at 3170/3180
Trade closed: target reached
3206 achieved wowTrade active
Trade closed: target reached
Projected july high and key numbers on support
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