Is CBOE:SPX Overbought? What will happen with the economy on verge of failing. We appear to ahve some room to gap up to $4619 ,but that will take some time our biggest target would first be to get to $4578-4584 then move to $4586-4594 then head up towards $4602-4617 on bullish side... If CBOE:SPX fails to hold $4556-4552 quick will come $4533-4520 then follows $4517-4508 that will then trigger $4507-4499 then will follow $4497-4485 then we gap fill down to $4458-4421 which will take us back down to $4416-4410 which will drag us down to $4406-4393 then will come $4366-4353 then one gap after another will follow $4334-4319 then $4268-4245 and it will continue until we reach $3600
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We're about to experience the seasonal pullback with no lows.