qFish

SPX Long Term Technical Analysis Forcast

Long
TVC:SPX   S&P 500 Index
Based on previous two highs and using fib time cycle with fib 3.618 extension, there is confluence in year 2022 to serve as major resistance. We could expect a significant retrace then. For now, we can expect the bullish trend to continue with small retrace or consolidation at the next fib 2.618 extension level.
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