After the big selloff on Thursday - the day before NFP - S&P500 left a liquidity void that must be filled. NFP helped it get out of that bottom range leaving clean lows, a future price target for sellers.
It has created a small range which we are currently in, coming off of a fair value gap at equilibrium (50% Fib).
The price targets for long positions are at the top of the current range, and at the top of the liquidity void respectively. There should be a retracement after TP1 is hit, before eventually continuing upwards towards TP2.
It has created a small range which we are currently in, coming off of a fair value gap at equilibrium (50% Fib).
The price targets for long positions are at the top of the current range, and at the top of the liquidity void respectively. There should be a retracement after TP1 is hit, before eventually continuing upwards towards TP2.
