climbing_stars
Long

SPX AB=CD Monthly

INDEX:SPX   S&P 500 Index
208 2 3
Many will disagree with this. But it is a massive possibility. There are many catalysts that could take this into a bear market. I just do not see any of them them occurring for quite sometime though. Drag the chart down to view my target. We finally broke through major resistance and back tested it with the most recent correction. You don't just break through major resistance that was established 13 years ago and decline into the abyss. Not to say we go up in a straight line either. I just believe this bull market is setting up for another leg higher. I'm also not saying we hit the 2100 mark in the next few months. Although we have already blown passed many historical forecasts as to where we would be right now. This is the level I believe we will hit before another major Bear Market. Happy Trading!
Not far fetched! I have this targets for a top by using EW.
1. P3 = P1 at 1779
2. P3 = 1.23 * P1 at 1940
3. P3 = 1.62 * P1 at 2215
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climbing_stars WallStScalper
Good ol fashion EW.
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