From my last analysis, the S&P 500 has fully reached my projected target. Right now, I'd like to see some sort of reaction here or slightly lower, around the 4-hour Fair Value Gap (FVG) in the 5325-5240 range. If we get that, I expect a push higher, potentially leading into the U.S. elections or even until the end of this year. However, if we don’t see that reaction and price keeps dropping, it could spell major trouble ahead—we’re talking a significant downturn, and nothing may be able to stop it.
Trade closed: target reached
got reaction from IFVG, final target reached ( 4h FVG), now waiting for reaction here Almenio_WTF
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Almenio_WTF
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.