proxynoorigin

$SPX meets monthly Bollinger Band bottom to finish the year

SPCFD:SPX   S&P 500 Index
In 2007 the price bounced around the monthly BB bottom. Looks like it could be doing the same, setting up for a spring bounce now that the all market participates are sure the place is going up in flames.

If the $SPX relentless steady march downward continues, let's put some possible targets. The long term channel that held in 2011 and 2016 points to a measured move target of 2100 - 2175. Something I find very interesting is that the 666 bottom point aligns with this scenario. Oh how some things align long term!

stay safe out there!

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