SP500 deciding moment
We created a weekly supply zone by breaking weekly structure to the downside.
We have mitigated only mitigated about 40% of this zone, so we could see a push higher before a collapse.
We have liquidity being built at at 4137 level, which might get taken after we have a change of character to the upside (BOS).
However if we do not hold the demand zone at this level we could trigger a proper market meltdown.
If we break 4100 we could see a retest of the 4458 supply zone before continuing lower.
We have mitigated only mitigated about 40% of this zone, so we could see a push higher before a collapse.
We have liquidity being built at at 4137 level, which might get taken after we have a change of character to the upside (BOS).
However if we do not hold the demand zone at this level we could trigger a proper market meltdown.
If we break 4100 we could see a retest of the 4458 supply zone before continuing lower.
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