SPX - the "Tradable Top"
Updated
All in the video. 4780-4800 was the area of interest because of the multiple Bollinger Bands, and the reversal as of now seems impulsive. Let's see how the numbers affect the market tomorrow at 8:30am.
Good Luck!
Good Luck!
Note
good morning, if it topped, this is probably part of the bounce. 830 numbers should make it go higher. Note
target looks like 4750ish if this is an ABC. I expect more selling during the day. Note
could go higher, but if it' an ABC, the C shouldn't get over 4760Note
if today continues the impulse down (big IF), it should be a 3rd wave, very impulsive to around 4600. Not all in one day, but today may start it. Note
the structure is clear, over and holding the upper trendline and it will likely make a new high. Under the lower and it probably starts going to 4600. Note
there is this possibility which would imply a C into close and then gap down tomorrow, . Target would still be 4750-55 if this happens. Note
they are holding this level, so a break below would be more significant. RSI is hinting at a rally since it's so low, so caution is warranted. Note
it's going higher, the rsi being this low is a problem for bears. Over 4760 and they are going over 4800 for another high tomorrow.Note
Note
they are getting over resistance, if it holds it's bullish and probably goes to 4800+ Note
4hr rsi looks like it wants to make a triple divergence. Note
if (I emphasize IF) they continue moving up, here's another way to look at it. Good luck today!Note
the overall pattern is starting to look like an ending diagonal, I will update this if it continues. Note
resistance now broken should stay supportive. I expect higher. Note
broke support, looks like it's coming down next week for Christmas. Will update on the weekend....!Note
how the day ended, I think we'll go lower next week but I don't think we topped after this weeks price action. I will update this weekend. 
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