This is my setup for SPX. Overall, I am long on SPX because the long term trend is up and it doesn't help when you go against the trend, atleast in the trading. So I am looking to reenter the market.
My idea is that SPX will probably break the black trendline. Afterwards, we will probably see a move towards the first dotted line (4800). This is the first major support. And if it breaks through that, we will head towards the T2 (4600). I do think its unlikely that we will see 4600 soon. However, with market anything is possible.
This is not advise. This is just how I see things. Do your own research.
My idea is that SPX will probably break the black trendline. Afterwards, we will probably see a move towards the first dotted line (4800). This is the first major support. And if it breaks through that, we will head towards the T2 (4600). I do think its unlikely that we will see 4600 soon. However, with market anything is possible.
This is not advise. This is just how I see things. Do your own research.