SPX Long in Long term to $5050, the up to $6060
Updated
On the basis of previous cycles analysis.
S&P 500 index is now in the 1st wave of the new growth cycle. Technically and fundamentally now I expect the downside to $4200, but not for long.
After this SPX is going to reach the $5050 price level.
Then after 2nd wave correction (10%) 6 month before US President election SPX starts its 3rd wave up to $6060.
S&P 500 index is now in the 1st wave of the new growth cycle. Technically and fundamentally now I expect the downside to $4200, but not for long.
After this SPX is going to reach the $5050 price level.
Then after 2nd wave correction (10%) 6 month before US President election SPX starts its 3rd wave up to $6060.
Trade active
We've reached $4200.
Next price target - $4900-%5000.
Trade active
time to go to $4800 price target
Comment
We're almost on $5020 price level
Then I expect the correction to $4200-$4000
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