Th3Edge

S&P Definitive Macro Targets

Largo
CME_MINI:ES1!   Futuros E-Mini S&P 500
3440 it is the target of a measured move based upon a bull leg plus middle of trading range. Normally the computers see this measuring method as minor and they will be more inclined to Leg 1 Leg 2 targets.
Both, Leg 1 and Leg 2 are very clear and the end of it 3495 it is near a very important Big Round Number.

All this targets will act now as a Magnetic Pull. Even if there is a Sell Off, the Weekly Bulls will be very happy if they have the chance of buying at the EMA .
Comentario: Perception have changed and the selloff surprisingly strong, which means that now the bears are in control. However, Big Up Big Down equals Big Confusion which means TR likely. Bulls and bears now that. Bears will sell a 50% Pull Back and Bulls will be happy to sel as well a 50% Pull Back in order to avoid the loss -in case they scaled in lower- or to reduce the loss.

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