I think this chart will be really hard for me to explain. Why I see the continuation of the rally.
But I think its just my experience and practise all because I used to analize hundred charts per day.
Look at the chart, you can see these red boxes I highlighted. Every time there was this pull back on HTF charts, these pull backs were really intensive with long term play out.
I think that now its time for another rally like previous one. And only after breaking 4730$ SPX may give a good push towards to ***5000 - 5437$*** or may be higher. It is really hard to say right now because its gonna be a New ATH!
Of course don’t forget about what I was writing above and the levels I was mentioned about. These scenario will play out only after breaking important levels!!!
But I think its just my experience and practise all because I used to analize hundred charts per day.
Look at the chart, you can see these red boxes I highlighted. Every time there was this pull back on HTF charts, these pull backs were really intensive with long term play out.
I think that now its time for another rally like previous one. And only after breaking 4730$ SPX may give a good push towards to ***5000 - 5437$*** or may be higher. It is really hard to say right now because its gonna be a New ATH!
Of course don’t forget about what I was writing above and the levels I was mentioned about. These scenario will play out only after breaking important levels!!!
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