If 1351.40 holds, I expect next 3 trading days will be bullish.
SPX 30min
The yesterday's low was 1363.02. Seems that W(3) was at 1374.81 but not 1366.35. If that is the case, we are seeing the formation of W(4).
I expect that the area 1363.02-1360.50 will hold well and bulls can make it's W5 at 1385.xx-1389.07.
However, if 1360.50 cannot hold, 1351.40 would be the target of bears and the bullish picture may be threatened.
SPX hourly
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