I intend to continue my previous analysis of the SPX500USD (W1) in this post. The analysis of that time is still accurate. Then we studied fractals in a week. We are currently looking for fractal similarity in D1 in the current motion. So far it is visible. that 1-2 and 2-1 fractals are likely to develop. For correction fractals, this rule system has already been met, so we expect a similar condition system for fractal motions in the main direction. If the analysis is correct, the exchange rate may rise to US $ 3231. This is what I consider to be the next target price.
Good afternoon , you are spot on , but we are looking to revers long into short at 3075- 3080, sl 3113 on daily close . We have max tp for next quarter (next 3 month) January 2657-2440 , wich at this point seems very unreal, But time will tell.
meszaros
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@fatboy007, Thanks for the comment. You can imagine the scenario you wrote. For the time being I do not see any decline in my analytical system. In case the fractal sequence changes and the exchange turns south, I'll update. For the time being, I hold the long position for the long term.
meszaros
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@fatboy007, I recommend that you look at the yield curve for American 3-month government bonds. For the time being, the market seems to be pushing for a further FED interest rate cut. If my analysis is correct, there are two further 0.25% interest rate cuts. If this were to happen, there could be a driver for some appreciation of the euro. However, falling dollar on the commodity market (gold, silver, platinum, palladium ...) could cause further rise. But I expect a similar rise in equities.
fatboy007
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@meszaros, Your analyses rock solid , and markets go lot further to up side , but from market perspective we need to test hands of our players in case someone bluff , and this is where some short term drop is a possibility. I am just implying that we will see some distortion from norm
meszaros
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@fatboy007, I like this. Real poker attitude. For the stock market, good poker knowledge is an advantage. Good luck. :)