Possible double bottom structure
While checking out the 1 minute today in SPX and NQ I found at the top this common structure that the market uses for correction. Then while checking out the weekly I saw that we're kinda forming the same.
If this is confirmed, I see us going one more leg down to retest the bottom after earnings/FOMC in early August, maybe tagging the 200ma and then possibly going up to test 4400/4500 in SPX.
If this is confirmed, I see us going one more leg down to retest the bottom after earnings/FOMC in early August, maybe tagging the 200ma and then possibly going up to test 4400/4500 in SPX.
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