YaKa

SP500 - key level to clear to confirm climax: 2045

FX:SPX500   S&P 500 index of US listed shares
399 2 3
Climax can have various forms, one of which is a vertical 9/13 days which we did not have in a while.

Since 2013, the climax have tended to last 20/30 days, be initially fast with 10 days rounding top.

This one could be different: faster, shorter in time and overshooting through resistance to take out some weak stops.

The zone 2130/2155 is just a perfect short if it gets there in the next 10 business days.

the 22nd of Jan would be day 12 of the rally if it climbs into ecb meeting.

that would be 170 points over 12 days... and could be the bang required to derail the rally.

Related Ideas

pabx06 PRO
2 years ago
i agree
+1 Reply
PaulA
2 years ago
I agree as well
Reply
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