Silly Speculation #1.Charting the bottom to our current downside move. I could be wrong...if so, I would say by 2-3%.
Spindex
SPX bullish short term (followed by a correction)Expecting SPX to move up from here since the 5 EMA crossed above the upper limit of the latest downwards channel. Target is the upper limit of the red channel (above the 80 EMA). Hereafter expecting price to correct again to the downside after the 5 EMA breaks out of the red channel.
A close back below the last green channel invalidates this idea.
SP500 at the historical highs 🦐SP500 after last weeks retracement is now back pushing at the resistance level near to the market all-time high.
According to Plancton's strategy of the market will break above we will set a nice long order.
––––
Follow the Shrimp 🦐
Keep in mind.
• 🟣 Purple structure -> Monthly structure.
• 🔴 Red structure -> Weekly structure.
• 🔵 Blue structure -> Daily structure.
• 🟡 Yellow structure -> 4h structure.
• ⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
S&P 500 INDEX - DAILY CHART - SHORTThe rising wedge on the daily chart shows a possible top
for the S&P 500 Index. However, we may see a false upside breaking of the upper trend line. However sustain trading above 3700 may negate the downtrend.
