ajtj99's Market Pulse

[ajtj99]

Further to that last post, I anticipate part of the trading range action to involve ping-ponging inside fib levels within the range, including 1360-1446, maybe 1392-1470, and possibly even 1402-1490.

The ping-ponging should work its way up initially, then reverse, pinching weekly Bollinger Bands and eventually breaking the lower rising support in the previous post, ushering in the next box from 1219 SPX to 1360 SPX.

Well, that's quite a bit to put out there tonight, but I wanted people to be able to understand the thinking behind my expectations.