Signs of lower low basing is look good; Setup to go for the higher low!
Price action
- MA5 finally starting to peel away from Lower Bollinger Band
- MA5 starting to taper
- Price action still below MA5 for now
- Tue to Thurs price action has shown good support off 421
- Does look a good base to form to go for neckline target 432 next days
- Higher low now likely at 435 to 438 (could be just a relief rally then)
But for now, focus, which is price action is firming up.
1. Get above MA5 (425/426)
2. Get to 432
Good luck, all!
S&P500 Daily (left) 30mins (right)
@CaptainTiger @Deposit @TigerStars @LMSunshine @macroB @melson
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Time to rebound! Don’t worry!
Lower low, higher high!!