Neon

SPX Reagan Scenario Nov 2016

SP:SPX   The S&P 500 Index
189 6 4
Up up and away
Comment: Working very well and approaching the zone
Comment: In 1980, it took 18 days from Friday before elections to make the swing high, so by analog comes next week
Comment: Spot on
Comment: Distributive phase has started yet again
Hello.whst s your final up target ? Thanks
Reply
Neon ahmetnmsl
@ahmetnmsl, I think we have entered distribution so any potential higher high (>2214) will be marginal
Reply
@Neon, hello.thanks for the answer but distribution phase means corrective/shorting phase ? Sorry for the lack of knowledge.
Reply
Neon ahmetnmsl
@ahmetnmsl, Distribution means rangebound before decline. But range could be large (could make marginal new high) so if one is short term (day to day trader) could still make money. Bulls energy in my mind has been largely spent short term
Reply
@Neon, Thanks. in your chart above, C point nearly corresponds about 2222, right ?
Reply
Neon ahmetnmsl
@ahmetnmsl, Actually is a range between 2213 to 2230, so lower bound has been achieved as 2214 is the current high
Reply
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