Predicting the future is hard. Here's a possible path to ATH and subsequent breakdown after FOMC rate hike in Feb.
The previous ATH top and consolidation zone at 4545 should provide strong support IMO. Pullback to support > springboard for next bounce.
Pullbacks suggested to the 1/3 speedlines, actual results may vary. Each 1/3 retracement, if followed by a 1.618 extension, waves get smaller...
Projection is SPX 4900 by EOM January. This would be an ATH not challenged for years to come IMO;
a Great Bear might ensue for 1-2 years.
Consult your advisor before plunging please! I will provide updates as price unfolds and we see actuals.
Could get even higher, possibly >5K?! After ~5K, a 40% Bear would reduce price to ~3K, over 9-18 months.
Those who have never lived through a Great Bear are about to get an education IMO...enjoy the run while it lasts!
This is not advice! DYODD, GLTA!
The previous ATH top and consolidation zone at 4545 should provide strong support IMO. Pullback to support > springboard for next bounce.
Pullbacks suggested to the 1/3 speedlines, actual results may vary. Each 1/3 retracement, if followed by a 1.618 extension, waves get smaller...
Projection is SPX 4900 by EOM January. This would be an ATH not challenged for years to come IMO;
a Great Bear might ensue for 1-2 years.
Consult your advisor before plunging please! I will provide updates as price unfolds and we see actuals.
Could get even higher, possibly >5K?! After ~5K, a 40% Bear would reduce price to ~3K, over 9-18 months.
Those who have never lived through a Great Bear are about to get an education IMO...enjoy the run while it lasts!
This is not advice! DYODD, GLTA!
Comment:
OpEx Fri 19 Nov likely volatility peak and another long entry opportunity. Do not underestimate triple witching!
Comment:
Can hold high prices for some time... pump n dump in progress?
