Hi Lucy.
200 MA was broken
What's your timeline for SPX 1700?
Thanks
LucyF2492
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@bruno10000, Hi Bruno, While price did break the weekly 200 MA, price closed above it. In order to give probability to a lower low, price needs to close below the moving average. Once/If it does, the December 2018 low is the next level that my eyes can see. I hope this was helpful to you.
LucyF2492
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@LucyF2492, Also, time is a crystal ball. No one can ever assume the time. We can give high or low probability to a certain price level, but never the time frame.
@LucyF2492, here we are
Let's see if the bloodbath is going on :)
LucyF2492
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@bruno10000, It's definitely gearing up. Could take a few failed rallies over the course of a few months so keep that in mind. We are currently right above the Dec 2018 low so that must be tested next! Good luck Bruno!
bruno10000
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@LucyF2492, thank you very much for your kindness and your explanations :)
tbuckle
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I hear ya. And you could be right. Anything is possible.
LucyF2492
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@tbuckle, yep, no biggie but if it gets that low, i will buy as much as possible
200 MA was broken
What's your timeline for SPX 1700?
Thanks