SPX - Decision Time - ATH or 5000?
This coming week will be big. I see us hitting my Target 2 (5400) maybe Monday or Tuesday. we have PPI on Tuesday and Inflation on Wednesday which should send us onto target 3. Will it be ATH or as I'm leaning towards go down near the April low around 5000 where the 200DMA is sitting. I think it wants to tag the 200DMA before moving higher... Bad inflation this week could do it.
We are also in Mercury Retrograde.. Which is usually negative in markets although we already dropped a lot. Plus we are also still in a bear new moon for another week.. so there is two negatives plus it looks like a nice bear flag is forming.
What do you think? Heading to ATH or go down near 5K first then ATH?
We are also in Mercury Retrograde.. Which is usually negative in markets although we already dropped a lot. Plus we are also still in a bear new moon for another week.. so there is two negatives plus it looks like a nice bear flag is forming.
What do you think? Heading to ATH or go down near 5K first then ATH?
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Little Cleaner הערה
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Added the 2007 fractal. If we follow same pattern we should make another LL this week and maybe a double bottom with the April low. 
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