S&P 500 - Same corrective pattern as Sept?
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I am watching to see if we repeat the same corrective pattern as Sept.
Today at 1h
Sept at 1h
Also note that there is a very clear S/R region right where we open this morning.
Today at 1h
Sept at 1h
Also note that there is a very clear S/R region right where we open this morning.
Nota
11:36am update. Nota
2:43pmNota
end of dayNota
7pmNota
Tuesday morning update. Looks like in overnight trading the S&P broke above the resistance trend line. This may be a good bullish sign. However, if this is a local peak, then it is still a lower high than last week, so that is bearish. The other bearish sign is the 1.5 extension to this point. I would hope to see a 1.618 or higher extension to call this a bullish wave.Nota
10:56am and bulls in charge todayNota
bulls still going strong at 12:26pmNota
End of day. Broke through resistance lines, but the orange channel provide a stopping point at the end of the day. Fell back inside and a candle testing it as resistance.
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