We have untapped monthly supply zone @ 4300 - 4500 we wait for price to head to the zone and watch market structure.
SPX possibly pulling back towards the supply zone @3980-4000. Once at supply we look for a bearish shift in market structure and go short.
We have a shift in market structure and now we go back down for a retest around 3960 and continue up from there towards the 4006 supply zone.
Price target at 3930 will follow the current bear channel. once price gets to the supply zone we wait for a bearish setup if any and go short. Bullish before FOMC meeting on Wednesday and then a possible reversal.
SPX500 closed in a demand zone and has a bullish divergence on the 1Hr Timeframe and lower timeframes. I expect a bullish reversal for the next few days. price target 3900
Looking for SPY to drop to demand (on Wednesday Nov 23rd, FOMC meeting ) and ill go long targeting the previous high.