SPX mid term look - pushing higher into the 6-7th of Jun
393
Todays close must hold 3990-4000 on closing level! Closing below will bring much lower levels in Jun. Im not in the camp of the price falling that much in one day, but something to watch in case it happens.
4305SPX is the main resistances now Resistance - 4160-70; 4208SPX (must hold for continuation lower)
- Low target for tomorrow 4105-10SPX - Buy if seen in am, dont buy if we see higher first - 4030-35SPX Main buy point, - 3850 and then 3834 zone is the maj support zone
Buy zone for tomorrow with stops! - 4105-10SPX - 4030-35SPX expect it to hold and press higher - 3880-90 is the main buy zone - 3850 and 34 must hold on any try or it falls apart (main support, not expected to get hit any time soon)
Short
- 4165-70SPX and 4215-25, no short above 4225, next target is 4300
- Low (intraday) was on the 12th; - Long from 3855-65SPX zone (email was sent when the price was at 3867-68SPX)
- rally for a week or 2 back to 4150-4205 SPX, retest of 3870-80 level and then main target of 4300 (9+%) by July 4th weekend, - Ideally extend to 4425SPX (4300 main resistance on the way up) summer rally target - 110MA - Another but low odds stretch is at 4465-4505 and 4600SPX
Larger ABC pathway down into Oct low or more of the year is in play imo Final target in 3000-3200SPX zone
Potential 5 waves down is forming! Next mid Jun low can be lower low! Have to be careful with sizing
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