Thanks to TradeDevil's analysis I also looked into SP500 in the bigger picture.
One trendline was broken, but another held strong - it also matched algo target and previous ATH. And also 150% level from options profile that I started to observe.
So now we noticed the algos started to go short - was this their ultimate target and we will flip again to go long? previous high looks like a distribution phase (Wyckoff) - so we might be correcting for a while now -> until election?
The session closed at the very interesting point - half way back from last swing low.
One trendline was broken, but another held strong - it also matched algo target and previous ATH. And also 150% level from options profile that I started to observe.
So now we noticed the algos started to go short - was this their ultimate target and we will flip again to go long? previous high looks like a distribution phase (Wyckoff) - so we might be correcting for a while now -> until election?
The session closed at the very interesting point - half way back from last swing low.