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
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.
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.