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SPX to new highs

Long
S&P 500 Index (OANDA:SPX500USD)  
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OANDA:SPX500USD   S&P 500 Index
Trend Analysis Cup And Handle Parallel Channel S&P 500 (SPX500) US SPX 500 spx500forecast spx500analysis sp500index sp500analysis sp500long
2
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trendanalysis cupandhandle parallelchannel spx500 spx500usd spx500forecast spx500analysis sp500index sp500analysis sp500long
SPX loves cups and handles.

All the highlighted Cup & Handles on daily have played out beautifully so far, they all have been to the upside so far, but now we are making one to the downside with targets towards 4150. Then how do we reach new highs?

If we zoom out to monthly TF things become clearer. As long as we stay above 0.5 or close above it on monthly, we have a chance to make new highs in a year or so.

I have highlighted several upside targets based on where we bounce from on monthly.

snapshot

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