SPX Outlook
SPX
Yearly
bullish. but it needs to pullback to the last year's VA in order for us to look for longs on SPX.
Monthly
bullish but needs pullback to last year's VA / POC. once that happens, we can start to look for buyers to step in. a deeper pullback all the way to the main POC on lay 2.2
Weekly
here too we have a zone that matches the one on layout 2.2 and price came down quite decisively on friday so I might consider longs till we reach the key areas below.
Plan
my plan here will be to wait for price to pull to last week's VA on layout 4 before starting to look for sellers to step in. although friday's daily candle was quite nice for the bears and there may not be a pullback to layout 4 VA. so if I get a short entry on my trigger timeframe on SPX, I will look to enter as we know when price dumps, it dumps aggressively.
Yearly
bullish. but it needs to pullback to the last year's VA in order for us to look for longs on SPX.
Monthly
bullish but needs pullback to last year's VA / POC. once that happens, we can start to look for buyers to step in. a deeper pullback all the way to the main POC on lay 2.2
Weekly
here too we have a zone that matches the one on layout 2.2 and price came down quite decisively on friday so I might consider longs till we reach the key areas below.
Plan
my plan here will be to wait for price to pull to last week's VA on layout 4 before starting to look for sellers to step in. although friday's daily candle was quite nice for the bears and there may not be a pullback to layout 4 VA. so if I get a short entry on my trigger timeframe on SPX, I will look to enter as we know when price dumps, it dumps aggressively.
Note
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