SP500 - Minimum target reached. Took Profit - Watching

FX:SPX500   S&P 500 Index
547 16 5
If it falls from here, it s gonna be frustrating.

there is 5 waves down, 1995 is key support and Draghi is supposed to announce something in 2 weeks....

the rebound could start from here or early tomorrow.

THE YEARLY PIVOT IS: 1967. If it closes below that, It is very dangerous for longs, especially if the current buy signal has failed.

Dream scenario: a new top after draghi, that I would short in max size again. but this time it could go much lower.
What goes up must come down ;-)
jangseohee afbitcoins
it might take a long time to come down xD
YaKa jangseohee
what made you change your mind JangS?
what i mean is big picture, short term is volatility but long term those small ups and down are noise
YaKa jangseohee
There a possibility the rally will never stop for the next 20years... we need to keep this in mind.

a 20% correction is a possible scenario.
A continuation without easy entries is the pain scenario and is also possible....
Imagine if 1950 holds this year.... it could go to 2350 without breaching the top line
+1 Reply

if rebound happen, would the resistance holds? Keep finger cross
YaKa jangseohee
Base scenario right now: spx 2120/2150 in feb/march.
after 22 Jan
New paradigm!
when ATR peak out, market made a bottom (temporary/major/all time low), except april 2000
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