BlackisKing

SPX - Enjoy the rally while it last!

Long
BlackisKing Updated   
SP:SPX   S&P 500 Index
For those who have been here since 2022 early 2023 when there was so much fear in the market and we called the market had bottomed. I think it was the right call, even though we had a lot of naysayers. Now I think we are nearing the end of this rally which I estimate will be sometime in February 2024. I have two outcomes the green line below which I highly favor and believe that is the path and the grey line which is definitely possible but unlike in my opinion due to election year. Also it looks like we are following the cup and handle. I have also explained in my other ideas why I think we are like in 1990 and 2012 (base on the fear). If the grey line happens, Biden loses the election guaranteed so I am certain the fed will hold the stock market at least until after the election.

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Comment:
Looking at SPY (rather than SPX) seems we have started this.
Comment:
its getting closer
Comment:
I think we are almost there
Comment:
we are close


not investment advice
Comment:
Almost there..
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