claydoctor

Case for the spx500 super bull

SPCFD:SPX   S&P 500 Index
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4
On the weekly, big picture, all indicators are at levels the last time we had a long range, with similar pin action, and a break out of that range bound time frame to the Bull side of things. from the bottom of the range to the top of the next range, green arrow, we rose 37.47 percent. If we project that this time, with this break out, we are looking at a top of this next range, which will take some time, of 3800. I do not trust the break out, because of the Trump factor, keep them guessing, do the unexpected, the art of the "Deal" factor. The deal will get made, just the getting there will be very difficult to predict all the steps along the way. It is not business as usual, so looking left doesn't necessarily make your right. The Dems will stop at nothing to wreck this market until the election, so I have Nov 4, 2020 , and until January 16, 2021, marked on my charts, everyone of them. If this break out happened in a non election year cycle, I would trust it a lot more. The October dip didn't happen, and the Santa Clause rally starting early this year, advertisers skipping over Thanksgiving, going right to Christmas selling merchandise hard. Decorations have been up in the stores for weeks already, way earlier than I have ever seen. Are they worried or just being aggressive, trying to make you spend that Christmas budget early, get those first bucks of the season. Yes sir they are. Usual Rally may not have legs.

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