SPX bottoming

12 พ.ค. 2022

Main target zone was hit!

4120SPX is the main resistances now
4000, 4056-35, 4115 (must hold for continuation lower)

- Next target is the ideal target 3935-55SPX (3932-34ES) - HIT!!!
- 3900, 3850-30 are next supports (can turn any time, not trading those unless day trading trend)

Buy zone for tomorrow (Hit)
- 3935-55SPX Main buy targets!!! BUY BUY BUY

Main Short 4220, no short above 4240, next and ideal target is 4300
Intraday short 4056-35SPX

Main pathway
- Low (intraday) was on the 11th;
- Long from 3935-55SPX

- final low May 10-11 at 3933-55SPX - Hit!!!
- rally for a week or 2 back to 4420 - 4300 (9+%),
- retrace back to under 4k in June

Main target for the upside is 4380-90 and 4425-40SPX (4300 main resistance on the way up)
Potential higher extension (ATH bull callers trap) around 4600SPX sometime in Aug


Larger ABC pathway down into Oct low to 3500-90SPX or more next year 2023 - 3000-3200SPX zone