We noted that an SPX bounce target by the daily chart we used a couple days ago was 1950-1960. Then some resumed bearish price activity called that bounce projection into question.
We noted that an SPX bounce target by the daily chart we used a couple days ago was 1950-1960. Then some resumed bearish price activity called that bounce projection into question. Today we are back at it asking ‘what if?’ with respect to the SPX’ bounce potential. What if it can get to the high end of the 1950-1960 range per the 60 minute chart’s interpretation?
The 60 minute view has got positive divergence to price and a would-be measured target to a thick visual resistance area.
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