S&P 500 Index

[Brazza]

In my opinion, S&P 500 Index is heading towards the next S/R level at 1569. Failure to find support there will target 1538/30 S/R cluster, by the recent speed, it's possible it will be there next week.
1538/30 S/R cluster was April's low/support area. Failure there will have the Index moving down to test 1509 and possibly 1485.

Will see, the market always has the last word and in due time will show me the way.

 

[Brazza]

June 20 SPX close at 1588.19. Today SPX low was 1560.33 close at 1573.09 In my opinion SPX will be testing 1538/1530 S/R cluster in the next few days and a possible bounce from that area, then a retest of 1530 again. But will see. Don't want to get too far ahead.

Unfortunately right now my voiding S/R (I called the switch) is at 1614. So. If above the switch 1614 will void the above.

As always, the market has the last word and in due time will show me the way.