My Speculation is bounce here
Looking at the prior Weekly/Monthly Cycles patterns along with the Euro/SP levels I think we bounce here from 1150. Euro is at prior support levels, though so far not showing any support, and SP is at a prior support level, though also so far not showing any support.
The Cycles would show a Close below the LTL on All charts as long as the Monthly SP closes below 1173. To me that would mean a bounce here from 1150-1170 that could still give an All Close below the LTL for a Dec reversal.
Now whether the Support will Hold and we do indeed get a Bounce into EOM we will just have to see, but that is my speculation here.
Looking at SPXU tapping 18 as resistance, TNA 33/32 as support.
Have a Wonderful Weekend!
Good Luck to All! :^)
PLAN the TRADE and TRADE the PLAN!
