SPX closed at $3998.95 (Almost $4000) today. Expecting a higher close point between $4010-4038.
Watch for turning point -- but mostly followed with a pull back to retest 30F(Green) pivot ZG (higher support line around $3970), and move uptrend.
Red -- drop back into the consolidation area for more wave.
-- News -- in next 10-days Xi & Biden will have a meeting (video meeting?) We'll see whether supply chain issue will smooth a little -- If works, SPX go towards $4300s.
Watch for turning point -- but mostly followed with a pull back to retest 30F(Green) pivot ZG (higher support line around $3970), and move uptrend.
Red -- drop back into the consolidation area for more wave.
-- News -- in next 10-days Xi & Biden will have a meeting (video meeting?) We'll see whether supply chain issue will smooth a little -- If works, SPX go towards $4300s.
Comment:
Cannot drop below $3928 -- entering green pivot area will try reach bottom $3800/3795/3730