Labeled on the chart we have Liquidity - Sell and Buy side. Red box is a volume cluster Blue box is a Daily ob We can see we barely took liquidity at the current low. Watching for confirmation or we go back down for the OB before a bounce. Once we see a bounce we have zones to watch for resistance.
SPX has some work to clean up some stuff in the 3300-3200 region. We could be in a 2, im learning bearish for fundamental reasons but as new data comes in we can adjust the plan
Pretty basic resistance and no support built on the way up. As per the photo still waiting for $9 and re-access.
Channel has yet to be violated to signal a htf impulse. Looking at the weekly close we have bear divs, can be seen on daily as well. We can look at this as a wave 3 top and look for support at the green box for a wave 4 before continuation upward. Alternatively we can consider wave 4 up and heading back into a htf downtrend. Clear invalidations for both sides,...
All time VAH, Uptrend VAL, HTF fib Pocket. Just a quick technical analysis to diary publicly