S&P500 Short
For the first week in July I see the S&P500 drift slowly back to the midterm equilibrium price of the Kijun Sen at 3920.
A support line can be drawn from the swing low to the longer term equilibrium price of SSB. This may offer support to price next week.
Then the market turns down breaks the recent swing low and moves to the 3450 level over the following 2 weeks.
A support line can be drawn from the swing low to the longer term equilibrium price of SSB. This may offer support to price next week.
Then the market turns down breaks the recent swing low and moves to the 3450 level over the following 2 weeks.
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