The Fibonacci time zone cluster falls on July 19, August 03, August 17, and September 25. +/-
on bullish side, there is about 1/2 trading day time window to determine whether index can reach 1389.07. Or, conversely, if index can cut through the early bearish gauge 1363.90-1359.39.
intraday high 1,389.19. index deploys the force which is stronger than what i expected.
07/19 From a technical view, both the 1389.07 and 1381.05 are important pivots to watch. the former one is the 0.786 retracement between recent high 1422.38 and recent low 1266.74, the latter one is the 0.786 retracement between all time high 1576.09 and all time low 666.79. I have an impression that 0.786 is a good gauge and can be applied for the current condition. Now, the 0.707 retracement between October low 1074.77 and the unrealized high 1440-1443.88 is 1333-1334. so, if index can surmount 1381.05-1389.07, the odd to see 1440 is increasing. A pullback but can hold above 1333-1334, there is good odd to see 1400-1403.