YaKa

SPX - Weekly update

FX:SPX500   S&P 500 Index
4

Although 2160 looks possible if there is a breakout, I think it is unlikely (too obvious).

The risk of a breakout is still existing but I bet it would be a fake one.

WIth or without fake breakout, i think the next move is one below 2040 that shall open new dynamics to 1900.

I would buy 1900 to target 2250 in November.

SPX got stuck in the current congestion(2040/2120) zone for 11 weeks. Something is probably going to happen.

Over 4 weeks
Max upside: 4%
Max downside: 10%

Trading plan: a touch on the 100w ema before a major firework rally..
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