SP500 might be nearing a local top soon, after which there might come a good opportunity to buy the dip.
Depending on where the last wave of the current movement (the one started at the dip on 30th of Oct dip), the local top can be reached at 3890, 3950 or 4020ish.
Will be watching divergence, dollar index. Of course this is just a probability exercise, do not trade based on this analysis.
Depending on where the last wave of the current movement (the one started at the dip on 30th of Oct dip), the local top can be reached at 3890, 3950 or 4020ish.
Will be watching divergence, dollar index. Of course this is just a probability exercise, do not trade based on this analysis.