SPX - the alternate is down

8 בפבר׳ 2023

All in the video - it's very possible the top was in fact, last week. Watch the high from yesterday on SPX or ES, if we get over it we likely go to 4200 + but if we don't, there's a good chance we keep falling to 4k. The market is quiet and complacent at the moment but that could change today with the Fed speakers and Jobs data tomorrow.

Good luck!

8 בפבר׳ 2023

הערה

if they are going to save it, they need to start pushing here

8 בפבר׳ 2023

הערה

hard to tell what's going to happen. We haven't really broken the channel and with jobs numbers tomorrow it's another wild card. Personally I'd rather wait. If it sells down hard, 4050-4040 will be support near the 18ma. Under the 18ma and the bias will be down on the daily charts.

9 בפבר׳ 2023

הערה

no break overnight so my count is wrong. A move up to the median line would give us one more high - very possible today or tomorrow.

9 בפבר׳ 2023

הערה

sellers are starting to come in - watch that channel and especially a break of yesterday's lows (around 3980)

9 בפבר׳ 2023

הערה

this channel boundary is enormously important to the market right now.

9 בפבר׳ 2023

הערה

channel break, needs to close this way and ultimately we need to get under 4080 to start seeing lower highs and lower lows - a downtrend.