PIVOTAL day for SPX tomorrow as it should determine the multi-week path
PIVOTAL day for $S&P 500(.SPX)$ tomorrow as it should determine the multi-week path.
If we see a Daily close above 5386, odds would increase in crossing at least the 5485 high with upside potential to 5685-5750.
However, if we close below 5386 and (!) fill the overnight gap, we may be forming a large bearish triangle to set up for the flush to 4600-4400.
$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2506(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2506(NQmain)$
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