SPX Remains In Uptrend
SPX (ES) continues it's arduous journey higher. I expect a buying climax in the coming days before taking on any serious short positions.
2 Scenarios:
1) Price action is at 1.618 of the local abc count (4183) and will correct
2) Price action has more room to expand toward 4250 range.
Regardless, I am looking for confirmation via divergences and price action.
2 Scenarios:
1) Price action is at 1.618 of the local abc count (4183) and will correct
2) Price action has more room to expand toward 4250 range.
Regardless, I am looking for confirmation via divergences and price action.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.