SPX FEB WEEK 5 OUTLOOK -
Daily - no doubt we have been super bullish here on SPX for last few week going back to December. but it's around the seasonality cycle and on daily TF that it looks in need of a pullback.
Origin - 2 scenarios become apparent when we drop down to origin.
1. a small pull to the zone** 5065.01 - 5027.94** and hold above it. if that happens I will look for longs above the higher end of the zone
2. a deeper pullback to **4972.61 - 4951.93** and if price gets absorbed here, I will look to enter long once price holds above the upper end of this zone.
Daily - no doubt we have been super bullish here on SPX for last few week going back to December. but it's around the seasonality cycle and on daily TF that it looks in need of a pullback.
Origin - 2 scenarios become apparent when we drop down to origin.
1. a small pull to the zone** 5065.01 - 5027.94** and hold above it. if that happens I will look for longs above the higher end of the zone
2. a deeper pullback to **4972.61 - 4951.93** and if price gets absorbed here, I will look to enter long once price holds above the upper end of this zone.
