- Spx is currently hovering near the overhead supply
- Spx can throw up big soon
- I think before shaking out bears SPX can again grab some liquidity from the demand zone
- Retrace more and add back up
- Risk here is 0.3%
In four hour chart a clear Cup and Handle pattern with price strong upside indicating a very clear upside to a level equal to that of the height of the cup, so Target seems to be higher than 4400 level .... Just be in Buy side
US Dollar Index Buy Setup found
accoring to elliott wave analysis,
market created elliote 1,2,3,and wlliott 4th wave is running and creating the triangle pattern, as i have discussed with you all.
i will be in buy as i analysed us index.
Best of luck
Traders Trusted Academy
Dow Jones long term possibilty.................... Might be we r forming an expanding triangle structure in Wave 4 of Cycle degree Wave 5. Expecting this triangle to play out till nxt year followed by a final bull run of 3-4 yrs, before the Big Crash !!!
