BASED OF THE WEEKLY LAST SELL TO BUY CANDLE IN WHICH I HAVE USED 50% AS A KEY TARGET AREA.
3600 USED AS RESISTANCE LEVEL.
CONSIDERING LATEST LOCKDOWN NEWS, I PREDICT SPX WILL RESPECT THE 3600 KEY LEVEL AND SHORT DOWN.
APPROX 1 TO 12 RATIO.
WATCH ON SMALLER TIMEFRAME TO FIND EXHAUSTION CANDLES OR SIGNS OF REJECTION ONCE AT THE 3600 LEVEL.
MAY ALSO FAKE-OUT TO FORM A NEW HIGH BUT WILL FILL THE LAST SELL TO BUY LEVEL.