SP500 - Chart recalibration ~ Flat triangle until Feb16.

FX:SPX500   S&P 500 Index
491 6 8
The adjustment:
- Given the rally in Europe that shall mark a new significant top before year end, it is likely that the flatness in sp500             will last a bit longer until 2016.

- The 2009 Rally Cone is still intact.

My views/conclusions:
- The top bold grey line shall retain the market.
- By induction, the cone shall be broken soon.
- 1900 will probably retain for a while (that still provides a 10% correction)
- 2200 should retain end of this summer.
- The amplitude of the moves could narrow down until Feb16 (the market being supported until then).

Related Ideas

Very Good Chart Jangse
Yaka, i think i am the only one who is still hanging on the concept of Megaphone :-)
YaKa jangseohee
It will probably not fall to the bottom of it but the top part is relevant whatever the path.
+1 Reply
Looks like it needs a blow off top.
go ahead and mock at me, my view on SPX has not changed though it might take longer
+1 Reply
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