SPX - 666 >> 2222 - Game Over.

FX:SPX500   S&P 500 index of US listed shares
629 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.
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.
YaKa PRO IvanLabrie
That's even more vicious.
I was thinking bear trap then up.
Your scenario would take longer and i am not sure if there is enough time to fit all that before the september option expiry that should create some support..
Well, are you buying now?
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 :)
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