Dear All,
I always like sometime sweet short and simple.
A monthly chart of S&P 500 index since 1985 shows that we were only out of the 16 years consolidation since 2013.
Using a simple chart pattern projection of the consolidation range of around 770, adding it to the old resistance turned support of 1535, we need the index to hit at least 2300 for this projection to be fulfilled.
Is it possible? Maybe
I always like sometime sweet short and simple.
A monthly chart of S&P 500 index since 1985 shows that we were only out of the 16 years consolidation since 2013.
Using a simple chart pattern projection of the consolidation range of around 770, adding it to the old resistance turned support of 1535, we need the index to hit at least 2300 for this projection to be fulfilled.
Is it possible? Maybe