SPX - 666 >> 2222 - Game Over.

FX:SPX500   S&P 500 Index
639 12 7
SPX             is already out of the driving wedge .
The bull structure is still protected though.
A trap to 2020 may occur - it would probably be a buy if occurs in the next 10days.
A new top in November is still possible - Target 2222.

666 >> 2222 Correction of 15/20% and potentially more if the correction lasts a few years which is possible given global growth and rates only possible direction from here when it comes to large moves.
You're right, it would be a lengthy move.
I think the leg up will just be painful and corrective in nature, consuming more time than price, so, your top and date projection makes absolute sense.
hi, yacine, i thought up before touching channel boarder at 2040/2020 too...
dax needs selling climax around 10300 as well
YaKa PRO look4edge
yes - all these scenario are possible...
Market will soon do something - that is what becomes increasingly probable..
False exits one side and the other are possible..
let's not forget the 2148 fibo target - still there and not crossed.
I think if and when DAX reaches 10300, everything is a buy for a bit.
I dont think scenarios above 2240 are realistic but i have been surprised before
hi, good call, almost 2030

but what scares me is ftse chart

another 100 pips or maybe 6k?
2028.9 channel touched
SimonJonsson look4edge
I have this channel too. I went long at 2030 with tight stop :)
what would be your game at this point? expect 2020 and 2222 to play or something in between? thanks
The easy trade that may not happen: buy 2026 to 2180...
Shorting here? why not stop 2120/2125 on close...
or you buy here a bit and much more at 2025 stop all 1980...

different risk profiles that are all valid dpending on your feeling game plan...

Market always there - Here do nothing and wait for 2025 or 2180... one will come - Guaranteed:)

+1 Reply
Agreed, I think we will go up to 2115-2125 and then down to 2025 before surging to 2180-2300.
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