$SPX meets monthly Bollinger Band bottom to finish the year

In 2007 the price bounced around the monthly BB bottom. Looks like it could be doing the same, setting up for a spring bounce now that the all market participates are sure the place is going up in flames.

If the $SPX relentless steady march downward continues, let's put some possible targets. The long term channel that held in 2011 and 2016 points to a measured move target of 2100 - 2175. Something I find very interesting is that the 666 bottom point aligns with this scenario. Oh how some things align long term!

stay safe out there!