SPX next week pathway
Im looking for an ABC move up tomorrow for a new high 3815-35SPX (if we wont take Fri lows)
Ideally we bottom in ES deeper then the cash price and cash will get its 50% retracement hit in am tomorrow, then we go up to close the Sunday opening gap
Then we should fall hard into 34 handle territory.
My timing is a low in Nov for the year and Jan high, then Mar/Apr maj low of this move.
Note this:
Fed is removing
40B by Nov 15, then aprox 20B/week through the EOY
So dont expect Santa being nice to the bullz...
Ideally we bottom in ES deeper then the cash price and cash will get its 50% retracement hit in am tomorrow, then we go up to close the Sunday opening gap
Then we should fall hard into 34 handle territory.
My timing is a low in Nov for the year and Jan high, then Mar/Apr maj low of this move.
Note this:
Fed is removing
40B by Nov 15, then aprox 20B/week through the EOYSo dont expect Santa being nice to the bullz...
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