I wrote an article here on tradingview saying
that if S+P 2620 Support were broken to the downside,
then 2585, and then 2532 , the 2018 yearly low
would be targeted next in this
fall "off a cliff" decline, possibly as early as this week,.
Well today, both of my target's were hit with a bullseye,
with the S+P making a new 2018 Low at 2530,
before bouncing at the close.
Mission Accomplished, as they say.
Rollover Pattern from S+P 2940 has it its Price Objective.
What's Next ?
I shall have a NEW S+P 500 Post
up later this week, on tradingview.com
SPX Last 2545.94
12/17/18 400 PM
Interesting. How do you arrive at 1650 ?
This year we faced multiple extraordinary corrections in the market and on top, USA-China trade war and Brexit deal... and Trump himself is cherry on top of the cake.
Most day traders immune is over and honestly it will be a miracle if we don't see recession by next year.
Thank you, for your kind words of respect and support.
Continued blessed good karma to you.
You are very kind to say that.
Thank you so much, and Merry Christmas to you.
Good read Fractal. Fed Meeting on 12/19 is the real wild card this week.
Be ready to react to the market.