US500 BREAKOUT
A few things could happen this week.
1. 4165 - Which has provided resistance can be flipped and we run the May 4205 highs. Expecting 4200 - 4213 to provide solid resistance BUT OVERALL I believe we are on the path to run the 4358 level within a few weeks to a month (or so)
2. We do not make it over 4165 it rejects AGAIN. Then I would be watching to play shorts targeting 4070 to 4080. Until that proves it cannot hold I would not want to be holding a short position targeting any lower
Basically we are waiting for price to show us which way it wants to break out. Many believe the end times are here and there is no possible way the bottom could be in... All charts point up IMO. Bottom is in and we will be targeting 4350 for a major rejection. Until I am disproven that is how I am playing
Levels > Bias
1. 4165 - Which has provided resistance can be flipped and we run the May 4205 highs. Expecting 4200 - 4213 to provide solid resistance BUT OVERALL I believe we are on the path to run the 4358 level within a few weeks to a month (or so)
2. We do not make it over 4165 it rejects AGAIN. Then I would be watching to play shorts targeting 4070 to 4080. Until that proves it cannot hold I would not want to be holding a short position targeting any lower
Basically we are waiting for price to show us which way it wants to break out. Many believe the end times are here and there is no possible way the bottom could be in... All charts point up IMO. Bottom is in and we will be targeting 4350 for a major rejection. Until I am disproven that is how I am playing
Levels > Bias
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