Pashabxl

SPX: Towards a correction until 2006

INDEX:SPX   S&P 500 Index
156 0 2
SPX             is in a correction phase for the time being. If there was an apparent Kumo Twist, one could have considered the trend as a reversal, but this is not the case at least not yet. Therefore, we can consider thatthe correction phase may go until 2006.
This is a solid support level. bellow 2006, the target is 1971 which is an interesting target. Bellow it would confirm a reversal down to 1936 and even bellow.
But we are not there yet. The mrket is rather tensed because of the situation in Yemen but this may also be a legitimate opportunity to sell profit before going long again in the market.
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