Weekly Analysis for #SPX for 12-16 April 2021
Trend: Daily/Weekly/Monthly: Up/Up/Up
#SPX at ATH; nobody can call a top, but YET, my most probable scenario is a drop - just for fun. What will be the trigger? I don't know. I need a sell from Globex open for it to happen.
3 scenarios:
1) Globex open, Powell's speech cause the rally to 4171-77 before a sell off in US session to end the day and we move down lower rest of week, to 3987-97.
2) Globex open and sell, we find support at 4077-99, before ending the week higher at 4171-77.
3) Globex open, gap up to some new highs 4135, but sold off, Powell's speech, cause further selling, we range mid of week, before ending at 3987-97.
3) is my most probable scenario to kill everyone.
#SPX at ATH; nobody can call a top, but YET, my most probable scenario is a drop - just for fun. What will be the trigger? I don't know. I need a sell from Globex open for it to happen.
3 scenarios:
1) Globex open, Powell's speech cause the rally to 4171-77 before a sell off in US session to end the day and we move down lower rest of week, to 3987-97.
2) Globex open and sell, we find support at 4077-99, before ending the week higher at 4171-77.
3) Globex open, gap up to some new highs 4135, but sold off, Powell's speech, cause further selling, we range mid of week, before ending at 3987-97.
3) is my most probable scenario to kill everyone.
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