Liquidity is on the system. That will allow Spx continue growing. Now, the question is: How far Spx will go? and the most important. Until when?
Spx is clingin between very important support and resistance zones: Covid 2020, Oil 2016, previous tops (2021) and Inflation (2022).
The Gann cycle allows me to point out a date: 20th November as a key date. Cycles as this allows me to see a major break out.
We could see 7000 pips by the end of November and then a continuation.
Just have a look at this support and resistance areas which so far are playing out beautifuly.
Spx is clingin between very important support and resistance zones: Covid 2020, Oil 2016, previous tops (2021) and Inflation (2022).
The Gann cycle allows me to point out a date: 20th November as a key date. Cycles as this allows me to see a major break out.
We could see 7000 pips by the end of November and then a continuation.
Just have a look at this support and resistance areas which so far are playing out beautifuly.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.