AI
Bear pressure at the 60 min/Daily levels.
SPX needs to pull back to the 4200 level so the 60-E-1/60-SC-1 & D-1 can get confirmed.
Right now the 60-E-1 & 60-SC-1 are each worth 5 Bear points, the D-1 is worth 13 Bear points
So a drop to the 4200 level could knock out 23 Bear points by the middle of June.
The 4200 level would keep the Weekly in it's Bull Cycle.
Then the SPX could propel to the 4400/4500 level by the end of June.
SPX needs to pull back to the 4200 level so the 60-E-1/60-SC-1 & D-1 can get confirmed.
Right now the 60-E-1 & 60-SC-1 are each worth 5 Bear points, the D-1 is worth 13 Bear points
So a drop to the 4200 level could knock out 23 Bear points by the middle of June.
The 4200 level would keep the Weekly in it's Bull Cycle.
Then the SPX could propel to the 4400/4500 level by the end of June.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
