SPX to 5000, then big correction
Following weekly chart.
There was a big cup & handle formation that takes 16 years. After breakout in the beginning of 2017, target was 3350 and.
After hitting the target, covid broke out!
Actually it was a big corection of this 4 years trend.
Then, a new cup & handle formation formed and it broke the resistance at January 2021.
Target is 5000 and we're really close to this target. After that, my plan is to short till red line.
But important part is there is still a GAP in 2574 and what if we hit there?
There was a big cup & handle formation that takes 16 years. After breakout in the beginning of 2017, target was 3350 and.
After hitting the target, covid broke out!
Actually it was a big corection of this 4 years trend.
Then, a new cup & handle formation formed and it broke the resistance at January 2021.
Target is 5000 and we're really close to this target. After that, my plan is to short till red line.
But important part is there is still a GAP in 2574 and what if we hit there?
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