I have just drawn all the technically possible scenarios in the daily chart.
HOWEVER: With the signs of a cooling economy, continued rate hikes and possible incoming recession, I highly doubt, that the S&P500 could continue its bull rally to 5200. Even the moderate price target in case of a potential "W" forming after the index broke the falling wedge would be above 4800Pts. In my opinion that is illusory for the next few years.
HOWEVER: With the signs of a cooling economy, continued rate hikes and possible incoming recession, I highly doubt, that the S&P500 could continue its bull rally to 5200. Even the moderate price target in case of a potential "W" forming after the index broke the falling wedge would be above 4800Pts. In my opinion that is illusory for the next few years.