We had the classic shake out of both weak bears and bulls, should start the attack on 4200-4300 now.
Let's not get ahead of ourselves...
Looks like 4165 today as long as ~ 30-35 holds, though.
Could of course see an Inside Day, but I would bet on higher by the Close.
Depends on your timeline, you daytrade, I swing trade.
hopefully.View attachment 311672 Bullish pennant on SPX daily.
bought some 50 cents vix as well.
What's your timeline, then? You see 4200 this week?
Looks very much within weekly targets, IMO.
Question is if we get a failure to breakout above 4160 or if we get continuation from there. If the latter, 4200 should be an easy target.