Here is my opinion on the up coming week or two. Definitely think SPXM has room to rally up a little more though to new all time highs hmm I dont see it myself with current news etc. Inflation still a hot topic not to be forgotten. So up a bit yes maybe though I do believe its looking like a down we go is coming. Is this the start of it ? Possible 3 targets...
As we can see clearly the very nice megaphone and the test of the bottom again. To me looks like POC is holding and my bias is to the upside and a possible breakout. This is my own opinion though. Key points are highlighted to both up and down sides and clear points to watch for easier decision making. As always good luck and patience is the best indicator in...
Id like to see a hold or break of the RED trendline before entering. Levels are marked out on the daily TF. Me personally I think its going to give a nice pullback, before heading skyward to test the top of the channel and possible break out.. My bias is to the long side though confirmation at this stage is a must. potential great move on the horizon Id...