Get started
vduquenne

The S&P peaked in 2015 and should retrace in 2016 to former top

Short
S&P 500 Index (FX:SPX500)  
vduquenne  
FX:SPX500   S&P 500 Index
1
0
A double bottom was made in 2003 & 2009. In 2013 we broke its neckline and created till end 2015 a new structure high. A healthy retracement should occur towards former top or to the golden mean of the last bullish move.Only end 2017 a new bullish move should occur . . . let's wait & see . . . ;)

So Target 1 (in 2016 on monthly base) : 1576.9

And Target 2 (in 2016 on monthly base) : 1230.2


www.tradingview.com/chart/2QGGZ3Ia/
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.