NL,
You may be right it's the likley spot..
Here are The SP500 Charts I put up end of last month..
Note the main drivers are now the Weekly and Monthly Charts both with buy signals on them.
So Imo if it push's above the 50% FIB in Blue Monthly Chart Game On...
Cheers Pete
Daily
MA's are doing all the work here along with the Dema Filter.
Weekly
ZERO LAG Says Buy..Other Inds have more to go..
Candles are Bullish Engulfing at the Bottom a long with a Comfired Inverted Hammer by a Large White..Note the LRA turning.
Monthly
Zero Lag Turns to a Buy Note the Dema & Short Entry Buy..
To me it all looks Bullish so maybe a Blast through 50% fib or a bit of side ways 1st...Note the Candle Bullish Engulfing...
Cheers Pete..
end of the bear bounce friday, page-49
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