Since the release of previous idea, linked below, on 11 April 2015, S&P500 has not been able to break across and close above the higher trend line, where at a time I put a question mark, and now seems to be heading to complete its natural cycle.
I expect a few weeks of consolidation, IF the index manages to close below the lower trend-line, before resuming its downtrend.
The final target is very hard to evaluate, and what the selling waves will unveil in the months ahead. But 1600 would be the first target, but one should not be surprised if you saw a 600-800 SP500.
With the kindest regards,
Hamed Aghajani
Newcastle upon Tyne, England.
21/08/2015 11:59 BST
I expect a few weeks of consolidation, IF the index manages to close below the lower trend-line, before resuming its downtrend.
The final target is very hard to evaluate, and what the selling waves will unveil in the months ahead. But 1600 would be the first target, but one should not be surprised if you saw a 600-800 SP500.
With the kindest regards,
Hamed Aghajani
Newcastle upon Tyne, England.
21/08/2015 11:59 BST
