SPX consolidating in a pennant here with a narrowing range going into Q1 of 2024. The range is compressing as we reach the apex of the pennant.
Looking at 2 levels
4600 & 4000
If we can break 4000 with conviction this sets up a nice short to 3804-3818 and then 3491
If we break 4600 with conviction this sets up a move to ATH and 5179, 5331
Watching closely for now, no action taken as we are in the middle of the ranges.
Looking at 2 levels
4600 & 4000
If we can break 4000 with conviction this sets up a nice short to 3804-3818 and then 3491
If we break 4600 with conviction this sets up a move to ATH and 5179, 5331
Watching closely for now, no action taken as we are in the middle of the ranges.
Operación activa:
We got the conviction break at 4600 and so far have hit 5000, we are near my original 5179 and 5331 target, time to use trail stops
Operación cerrada: objetivo alcanzado:
5179 target has been met.