✍️Weekly Trade Plan & Recap 29th June - 4th July
Here's why the S&P 500 could be heading to 7500! Plus analysis for the Dollar Index, Euro, Gold, Silver, Copper, WTI Oil, Bitcoin and Pepe.
Could the S&P 500 really be heading to 7500?
Paid members know we’ve been bullish the S&P for months and when the market printed that huge “shock and awe” Pinbar in April into support, it was clear for all to see the market was going higher.
If the Pinbar was all you saw, it would have helped your bias a lot, but there’s a lot more to see on the monthly chart.
Here’s my working S&P chart with annotations.
Notice the symmetry here…
The red arrows and circles indicating the moves down are roughly similar. This allowed us to predict the last move down in this Tweet published on X.
The green arrows and rectangles show the last two moves up are almost identical (a 17 point difference is really not a lot on a monthly chart!).
If we project the up-move again, the chart takes us to 7460, and given the strength of that Pinbar, I’d say that’s very possible!
More on the S&P500 later in this newsletter. We’ll also cover the Dollar Index, Euro, Gold, Silver, Copper, WTI Oil, Bitcoin and Pepe.