Chloster

SPX to follow in the path of QQQ?!

Long
Chloster Updated   
TVC:SPX   S&P 500 Index
A scenario that I can see playing out with the SPX is very simple, identical price action to what was seen with the QQQ in the last couple months. Price is going to make quick work of the previous ATH not giving an inch to the short sellers, achieve a new ATH a few percent higher before tapping the previous ATH to launch the index to a yearly high of 3700.
Comment:
3800 bound?! Arrows 1 and 2 were on point, lets see if magical arrow number 3 can pull the markets up.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.