T1 and S1 are my ipossible targets for SPY. It looks like it will probably chop, but it is still closing above the 50 Week MA so as long as that holds we could see a rally into year end due to institutional buyback activity. Momemtum could bring us to the lower trend line after a retrace. Lot's of opportunities should open up over the next few months. The Fed is...
The regional banks didn't bounce and I got stopped out by the blue 50 Week MA. The downward targets are the black 200 Week MA and the pink line or the dashed pink lines where there is a gap you could get a bounce off off.
I would take a major event to derail the Chinese Stock Market. Trade relations worldwide will likely improve over the next several weeks especially with North Korea coming to the negotiation table. There is major support in the $30 area.