the_sunship的CME_MINI:ES1!的SPX - Wyckoff top possibility here

SPX - Wyckoff top possibility here

Update on the SPX, possible wyckoff top playing out here. Under 4070 and the market is going to start having some real problems.

註釋

we're closing under the 18ma daily, bias is down.

註釋

good morning, with the NVDA move last night the market finally got the bounce I thought was coming, so now we are close to a resistance zone of 4150-4160. RSI's on small time frames are reset my guess is something like this today at some point. If wrong I will update.

註釋

gdp and jobless claims at 830, might be the turn, let's see. if not will update

註釋

they keep hitting this resistance, a break above is bullish into the close.

註釋

tech now showing daily bear divergence, it probably goes a bit higher into tomorrow at least. The market won't drop until the megacaps do.

註釋

doji candle on the day, not really sure what to make of it, we didn't really follow through after getting above the mornings high. update tomorrow

註釋

after the numbers this morning, they tested support and held. small time frame rsi is suggesting a pullback, but 4 hr has plenty of room to run up, so it's hard to tell what's setting up. More chop may mean some beaten down stocks rally. A higher high is still not out of the question on SPX

註釋

maybe something like this if the top isnt in yet

註釋

nope, they got right up to 4170 area - the next resistance mentioned in the video. It's possible this is a B completing, hard to tell, but here's the idea if C starts here.