Most of the miserable history of the SP is told by the above chart but here a resumé:
I see: A symmetrical SHS Fib time zone adds to the overall picture of bearishness. Shoulder, Head & Shoulder fits well with fib time zone and the cycle. Trendline from top and the 61.8 retrace ending up in fib zone time 5 Neckline at the 2,070 handle.
Price wil until breakdown possibly bounce as a dead cat within the 61.8 retrace of top and the neckline. As I stated in one of my other charts.. Keep on being bullish as long as bulls are breathing... I see that will come to and end within the next month. Fib zone time and cycles suggest in the 2nd week of juli
Trade what you see...best to your trading! @BLawrenceM
I think you are correct to be short term bullish. I think S&P can go up to 2097-2104 on Tuesday but as I said earlier today i think it will be a bull trap and then we drop 50-80 pts from close tomorrow until expiration Friday unless Fed or IMF makes some BIG news. Good luck.
CoinedByCrypto
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Thanks Same to you
CoinedByCrypto
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Zoom in chart and a correcet fib from 2137.01 Gives a messured harmonic ABCD target at 2003.2