Speed: 3 Months (Slow)
As long as above 2060, SP500 could climb to 2200 in the next 3 months.
If so, the correlation between stocks within the index will be low.
Note: Brasil EWZ , WTI, Sugar are reaching close to important lows (bottom) while apple is falling from the cliff .
Below 1960, SP500 would enter a new dynamic, not necessarily vertically down but very weak and would probably slide lower to 2000/1960
To be honnest better be long elswhere on single stock or brasil closer to bottom.
on SP500 if 2200 we will eventually get the top we are looking for 1 year now... so not being long is not an issue.
stop 2050 otherwise: 1 by 2 which is ok.
1 - Why you trust in "as long as 2060" is support as bull signal for a jump until 2200 ?
2 - You agree that "SP500 is topping" (MACD cross like in 2007 and 2001) but slow, and this 3 months wave to 2200 would be the "kiss of death" before big correction ? Or by other side, you believe SP500 will continue the bull trend during 2016 no matter what indicators tell now ?
3 - Why in your "SPX-Still in the Pipe" recent idea you suggest short at 2180 (lower than 2200) ? Just to be safe to entry at time enough ?
Thank you !
Generally if things change, I too change. Here DAX collapsed, China collapsed... SPX did NADA.
Technically as long as spx above 2040/2060 there is no damage to the structure.
2180/2200: who cares.
i still think the next 2 years will be corrective, i am just trying to fit to what is happening. If market closes 2 weeks below 2040, i will probably change my mind again.
Let me add: not an easy market.