SPX ES Futures - Clearer view for Wave 4?
Greetings!
SPX is much clearer and more constructive than NASDAQ in my opinion. Keeping this short and sweet. Current bias is this drawdown is exactly what everyone expected and wanted. Currently leaning bullish for the time being while being hedged in the event NFP tomorrow causes a major market downturn.
KEY level is below 5360, but I believe the more important levels are on that 38.2% and 50% internal retracement for the wave 4 at 5475 and 5420 (roughly).
NFP tomorrow, I expect we will probably see a push down initially followed by a rebound. Market was very choppy today (see my NASDAQ update for more details on that), but I think we're going to find a resolution soon where we can get more directional trades.
Happy hunting!
SPX is much clearer and more constructive than NASDAQ in my opinion. Keeping this short and sweet. Current bias is this drawdown is exactly what everyone expected and wanted. Currently leaning bullish for the time being while being hedged in the event NFP tomorrow causes a major market downturn.
KEY level is below 5360, but I believe the more important levels are on that 38.2% and 50% internal retracement for the wave 4 at 5475 and 5420 (roughly).
NFP tomorrow, I expect we will probably see a push down initially followed by a rebound. Market was very choppy today (see my NASDAQ update for more details on that), but I think we're going to find a resolution soon where we can get more directional trades.
Happy hunting!
Uwaga
Looks like we got that 38.2% internal retracement touch. Lets see what happens today. Likely going to have a decent bit of intraday volatility.
CE - BitDoctor
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