aibek

S&P 500: possible expanded flat

SP:SPX   S&P 500 Index
The index has been trapped within a large sideways consolidation where the second leg exceeded the former top
and could potentially drop below the former trough as well.
After that I expect the index to resume its way to the upside ti hit 3000+ area.
Comment: Again and again I find amazing correlation of different math calculations
Here we have blue arrows with equal distance that hit the area where the diverging lower trendline lies (I used same angle of divergence +/- 8 degrees
Comment: 3 important levels
Thanks, Appreciate your analysis. Time will tell... Personally I am scared to get back in.
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aibek AllinAdam
@AllinAdam, it’s ok to scare of catching the falling piano))) let's see how it goes as I don’t have the crystal ball either, only my experience
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Overly optimistic....maybe after 5 bounces or so....and in two years.
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aibek stuartsfleming
@stuartsfleming, thanks for your comment
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