SPX By taking Dec 2021 weekly Fibbo, It had a strong deviation at the 50% of retracement until Oct 2022 time frame. With this we can forecast that if it the point of 1.236 Fibbo is to hold then 5110 will be the peak of this decade for S&P 500.
SPXSPY The market was in a downtrend mostly all morning . If you bought the dip from the market bottom short term there is a FVG, so there’s a high probability of a reversal to the downside. If we respect the bottom it could be range bound today or if we break the bottom expect a flush. Just my thoughts