Surrounded by bears > i thought I'd post a bullish view. On the weekly chart SMA 7, 20, 50 & EMA 200 all pointing up... SMA 50 about non crossing EMA 200 will be the confirmation the trend i snot over... we'll see end of week with NFP. If bull is confirmed Targets are on chart... Estimated ATH summer/sept 2023 Red line invalidate the concept !
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checking on old charts posting... took 2.5 month target 1 check ! trend still up no sign of reversal yet - sticking to the plan > 16800 next !
Trade closed: target reached
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A year later, plan your trade and trade your plan they say.. 500pts away from final target - no reversal yet still up until proven otherwise
Trade closed: target reached
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target 3 reached 18'095-> room to go up to 18'500 area keep in mind this trade was started a year ago !! i m not short this market yet more to go in the u.s on the up side for now.
You think it will head lower (sub 16000) after yield curve reverse?
olivv
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@worldlyApple75606, don't know yet - 16k will be fair target when the trend reverses... but for now no sign even though everybody is shorting everything