Here we are looking at SPX on the Daily TF...
This chart shows that the S&P 500 would have to fall about 23% just to get back to the long-term trend support. Based on calculations, this is likely a target for the second half of 2023... In addition, smart money knows that if something remains above trend for a long period of time, it will likely move below trend for a period to balance itself. This means 2024 could also be a down year for the S&P 500...
This is just an idea, but one I feel as if is very plausible, and one we must all consider...
Let me know in the comments what you think, and if you see things the same way or differently!
Cheers!
This chart shows that the S&P 500 would have to fall about 23% just to get back to the long-term trend support. Based on calculations, this is likely a target for the second half of 2023... In addition, smart money knows that if something remains above trend for a long period of time, it will likely move below trend for a period to balance itself. This means 2024 could also be a down year for the S&P 500...
This is just an idea, but one I feel as if is very plausible, and one we must all consider...
Let me know in the comments what you think, and if you see things the same way or differently!
Cheers!
To see my exact trades:
Stocks: inthemoneystocks.com/verified-investing-alerts/
Crypto: verifiedinvesting.com/
Stocks: inthemoneystocks.com/verified-investing-alerts/
Crypto: verifiedinvesting.com/