SP500 Hourly ... Retraced a bit more than the XJO since its July high ... 76.4%(yep, another Fib)... and the SP500 is known to tell the 'right Fibs'. This level is also(~) the 200% level of the 1st minor range out of the Aug low but also the outer rim of the 2nd Arc Pairings shown on the Gann Box "road-map" indicator I have shown(basis that initial minor range, right). The current rally is well above the Gann 1 x 1 major support trendline.
I feel it needs to take a breather so it could be right from here BUT the structure of the move out from the 5118.30L looks very unfinished so I would think any ST weakness will still be bought into. We do have 2 x GAP supports bands. Regardless, it looks increasingly more likely we will see a closer tests of the July high.
All IMHO of course ...
The Brains Trust - 2024, page-1851
-
- There are more pages in this discussion • 476 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add XSO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3,138.7 |
Change
4.000(0.13%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 3,134.7 | 3,138.7 | 3,121.9 |
| XSO (ASX) Chart |