Friday, June 09, 2023 11:50:06 AM
To: northam who wrote (4779) 6/9/2023 11:48:50 AM
From: northam
4780
of 4780
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.
From: northam
4780
of 4780
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.
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