Targets fulfilled – what next?

All right gang, let’s take a look at the s&p, s&p and the indices getting hammered today. But closing decently off of its lows. You can see here on the daily, we made a low down to 4520. Closing, but up at 4570. So not totally out of the woods there, but a pretty red day for the indices for sure. So looking here at the charts, and what is next the things that I am looking at here now one, we have a potential Santa Claus Rally quote unquote Santa Claus Rally ahead, which obviously means that the market participants are expecting the market to go higher, but the markets may have a different plan for us this year. So we’re having some struggles there in the government, passing some infrastructure bills, we’ve got omachron resurfacing, and we’ve got fears of growth outlooks that has contributed to the week opening there on Sunday Globex. And carrying on into the European and US sessions, as far as the technicals and the technical outlook we are, we’ve just completed a one to three top, pushing down here from 4650, down to 4550. So roughly 100 point move, or $5,000 per contract in the E Mini s&p, now we’re looking at something potentially bigger, which is this double top pattern, we have a double top here in the s&p, of course, this would be the same if you’re looking at spies or SPX that would suggest a move in the s&p 500. Down to this area right here. Notice that that exact measurement from these highs, this double top highs down to the V takes us down to about 40 to 5040 to 50, from about 44 at about 230 points, takes us right down into the 200 day moving average also happens to take us right down here into price structure. So those are the kinds of things that we love to see line up. Now. If the point differentials or the risk is a little large for your taste, which you can certainly reduce this by using options or mini or micro contracts that you can drill down to the lower timeframes, you’ll notice that the four hour chart today reached its 123 Top objective that was initiated on the 17th last week, and they moved from 4640 down to 4540. Okay, we go down even lower, we’ve reached target one and target two objectives. And now we basically reverse off his target to objective putting in bullish divergence buy signals, and are turning nicely. Now, we’re not saying that this market is putting in a bottom not saying it’s putting in at all an ultimate top, we’re just playing the numbers and playing the patterns, I would look for next resistance to come in right around here. Of course, this is going to be shorter term. This is going to be shorter term because it’s based off of the hourly. But I would not be surprised for us to push up here back into this 4646 10 area, potentially even stretching up here to the 200 day at 4640. And that would be kind of an inflection point. If we wish to roll back over