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StuANZ2019

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25/04/24

17:38

Post #: 73512303
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Originally posted by float^: ↑

ES 5070 is a key level that needs to hold. If not, may head back to 5045 or 5030.

SPI now coming down to potentially form a right shoulder. I was hoping this drop would happen sooner, because now we have an up-sloping neckline for the inverted H&S, which is not great. If the H&S does breakout, the the target could take us back to ATH. So it sort of lines up, but will take a few weeks to unfold (May 3 breakout and May 8 target). That would be the most bullish scenario. If the H&S doesn't form, then everything changes obvioulsy.

AP1! (SPI) 30m

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If US continues to crash on top of the CPI figures from yesterday, dont see a bounce coming. Dangerous game using TA on indices.
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