SP500 - Violence to be dissipated in a an upward expending range

FX:SPX500   S&P 500 index of US listed shares
230 1 5
This is a speculative projection fitting some key assumptions:
- High energy with daily candles of 40/50pts close to the top.
- The capping line will hold overall.
- The linear breakout line which was passed in Oct13, will hold the market overall until Sep15 (at which point it will be at 2020.

- Large moves in range 1900/2150 (1850/2200 with excesses).
- A path that fits high energy, inability to move vertically, Inability to crash as Macro data improving in the US, europe about to launch a QE and the fed delaying its rate hike

Trading conclusion:
- The assumption i made above is going to be tested in the next 3 weeks. The line would have to hold otherwise it is something else.
- If the path is right: we are going to have some fierce trading opportunities and the first leg is down with potentially a great rally starting in January that will lead to 2150/2200 in Mar15 which THE SHORT I have been hunting for a while.
It will be very interesting to see how this plays out. So far your speed line has been accurate and tradable on the rounding tops. Thank yo for posting this.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out