S&P500 - NEARING CORRECTIVE RALLY END
The 
SPXUSD is nearing the completion of the corrective move higher. We have just completed the ABCD to the downside with a nice rally later in the US session yesterday to move off the low.
Today we have 2 levels to watch.
Option 1- Temp Bullish.
This will see us head higher into the 4680-4720 area a little higher than the 78% level. Then this would bring the start of the move lower towards 4k. April the 12-13th is a major Monthly AI turn point and astro event. This is where this scenario is lining up nicely.
Option 2 - Corrective move finished.
This more bearish option would take us to the 4550 -4565 area before failing in a 135 bearish pattern.
Either way we are nearing a top or its already in.
I hope this helps.
Let me know your thoughts.
SPXUSD is nearing the completion of the corrective move higher. We have just completed the ABCD to the downside with a nice rally later in the US session yesterday to move off the low. Today we have 2 levels to watch.
Option 1- Temp Bullish.
This will see us head higher into the 4680-4720 area a little higher than the 78% level. Then this would bring the start of the move lower towards 4k. April the 12-13th is a major Monthly AI turn point and astro event. This is where this scenario is lining up nicely.
Option 2 - Corrective move finished.
This more bearish option would take us to the 4550 -4565 area before failing in a 135 bearish pattern.
Either way we are nearing a top or its already in.
I hope this helps.
Let me know your thoughts.
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.