The_Unwind
Short

Mission Accomplished ! S+P 500 Hits Downside Price Obj at 2532

SP:SPX   S&P 500 Index
829 views
19
829 60
On Dec.13 just 4 days ago,
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

THE_UNWIND
12/17/18 400 PM
NEW YORK



Guys, It's clear recession, sell or wait for 1650.
Reply
@sarzu,

Interesting. How do you arrive at 1650 ?
Reply
sarzu The_Unwind
@The_Unwind,

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.
Reply
Love and Respect from India
Your posts really helped save losses, looking forward to more targets and some profits now.

Sumeet Lunia
New Delhi
Reply
The_Unwind sumeetlunia
@sumeetlunia,

Summit,

Thank you, for your kind words of respect and support.
Continued blessed good karma to you.
+1 Reply
@The_Unwind thank you for posting your analysis. I read them everyday and they are indeed helpful.
+1 Reply
The_Unwind Anujgorasia
@Anujgorasia,

You are very kind to say that.
Thank you so much, and Merry Christmas to you.
+1 Reply
Don't believe the selling is over at all...an up/down and sideways move since mid October with 2600 as major support..closing below on the 4hr ushered in the selling again. A probable bounce towards 2590 ish. Without doubt we are in the midst of the first wave 3 down...looks like the first wave 1 has completed. The crowd are realising that Santa is NOT coming to the bulls....nine years of easy money is abruptly ending.
Reply
The_Unwind Fractal777
@Fractal777,

Good read Fractal. Fed Meeting on 12/19 is the real wild card this week.
Be ready to react to the market.
+1 Reply
So tomorrow will be a up day? How up SPX will go?
Reply
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