$SPX is still set up for one more push lower to terminate W4 — targeting 7235–7200.
The Daily FVG should keep acting as resistance into that final leg.
Watch for a bounce to tag today's high / the FVG → then SOLD for the next leg down.
Once the downside target hits, the W5 rally sets up through July.
Daily close above 7468 flips it back bullish — W4 triangle back in play.
I'm excited for two things in life.
1. Dua Lipa, anything regarding her.
2. Getting my hands on the indicator set from @chad_ventures
The last one is in the bag, and my lovely followers will get updates on all my favourite tickers with it.
So yes — I've upgraded a ton, and you all will benefit from it!
You know me for my honesty.
So I’ll say it clearly:
$ASTS has likely already FOUND its TOP.
My next target is at least below $50 before any sustainable bullish move can be expected.
There is still a 33% chance that we see a new ATH in the short term, potentially in the $145–$155 range.
But even in that case, my mid-term target remains unchanged.
The $SPCX IPO could mark the beginning of this larger correction.
Either way — whether I’m right or wrong — I’ll come back to this later.
What’s your opinion on the current $ASTS setup?
$SATS Built a long tradingrange, since 2021. Looked below end of 2023 and early 2024, but that was a bear trap and rallied to the upper line. Needed to cool off and set a higher bottom, exactly at the lower side of the range, before lifting off!
Seems like it set a bull trap in May, the "look above and fail" has been confirmed this month, by breaking below the May low. The monthly cycle counts 12 bars now and could face some more candles to set a cycle bottom in some months. The purple rally-base-rally demandzone is roughly between $76 and $66. The rising MA21 is now looking just above that zone and will keep rising.
Makes sense to me that the pullback will end with a test of the break above the September 2025 highs, so can't rule out more weakness to come, to around $85.