SPX Roadmap January 2018
Actualizado
This is interesting here
Nota
Today GDP reported accelerating for 6Qs in a row 2.5% YOY. Most likely to continue accelerating into mid 2018 before peaking. Which implies any correction is a buy into summerNota
It does appear a similar fractal to Aug 2010/Feb 2011. If correct then market should reverse in Feb into MarNota
Actually into Spring SPX could go as high as 3050Nota
So if u remember, 2135 major top in Spring 2015 was 1.618 FIB extension of 2007 high/2009 low which caused the multimonth bear cycle into Feb 2016. The next significant extension comes at 3045 which is 2.618 FIB which i currently expect to see this Spring similar to 2015. Currently BTW sentiment/positioning are approaching very bullish (not there yet) but in the next 1/2 weeks we should be going into potential topping period at least from a tactical perspective (say 5/7% decline) before up into Spring IMHONota
Good startNota
Lets see whether this develops into a sharp zigzag into later Feb/early MarNota
That escalated quicklyNota
Target has been reached.Nota
I am thinking this plays similar to May 2015/Feb 2016 fractal but on a lower degree. So now we in August 2015. If correct, then we should have some solid bounce this week. If not then Aug 2011 is the alternateNota
Solid correction so far as bulls have been asleep at the wheel
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.