The 4 hour timeframe on futures has delivered a ton of clarity in 2022. I’m expecting an uptrend to be established, however it would just be another weekly lower high.
I’ve adjusted the long term Fibonacci retrace to raise the first resistance zone at 4.15%.
The S&P has been bouncing from its 50 month EMA the past few trading days. Watching for a lower high and to tighten within this range set between last year and this September.
Looking at the 4.3% level to bring tons of resistance and support as long term fib levels are breached for the first time since 07’.
Falling wedge on 15 min time frame expecting to break bull