SPX - Massive IHS Pattern for the next Bull Market
First, wait for the right shoulder to form in the next weeks, then ... be ready to ride the next Technological Revolution driven by Artificial intelligence, BigData, Autonomous Transportation, BioTech, NanoTech, Clean Energy and Robotics) for the next 10-15 years.
Comment:
Amazing Monthly Candle forming and plenty of room to rise the Wall of Worry
Comment:
Unstoppable stock market !! Repo injections works !!
Trim positions and put Trail Stops in place. Volatility is coming in the coming weeks, we might or might not hold this channel, either way a buying opportunity will come around March.
Trim positions and put Trail Stops in place. Volatility is coming in the coming weeks, we might or might not hold this channel, either way a buying opportunity will come around March.
Comment:
SPX in correction mode. There's a good buying opportunity brewing.
SNow we have to be patient and wait to hit a low in 3150-3180 area in February. The bounce in there will tell us if a new low in March could be made or go chop/double bottom in May or we produce the ICL in May to take off to our 4000 target.
SNow we have to be patient and wait to hit a low in 3150-3180 area in February. The bounce in there will tell us if a new low in March could be made or go chop/double bottom in May or we produce the ICL in May to take off to our 4000 target.
Trade closed manually
Go to the 38.2% Fib retracement (ABCD Pattern) or 50% Fib Retracement with a Bullish Butterfly.