meszaros
Long

SPX500 further rise...

OANDA:SPX500USD   S&P 500 Index
Since my previous analysis closely followed the movement of the exchange rate so far, this post only points out that I am expecting a further acceleration in technology. The first to provide an opportunity for correction is the 3177 usd environment.

Comments

On what is this analysis based? Do you care to elaborate?
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meszaros VincentGT
@VincentGT, https://seekingalpha.com/article/4032427-wonderful-world-fractals
The basic theory in this case is the fractal theory. You can read about it at this link.
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VincentGT meszaros
@meszaros, Thank you!
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meszaros VincentGT
@VincentGT, Good luck. πŸ‘πŸ˜Š
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So far you are spot on indeed. What are your expectations after we reach the target of 3231?
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meszaros Manix237
@Manix237,
Thanks for the comment. The next target current is 3319usd. But at that level, I have not yet developed a trading strategy.
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Manix237 meszaros
@meszaros, so you don’t expect any big retracement after the 3231 target is reached?
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meszaros meszaros
@meszaros, I was expecting a bigger correction under 2892 usd. Because of the fractal rules. We are now far above it. The rate is rising faster than the underlying ATR.
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meszaros meszaros
@meszaros, The figure of 4500 usd shown in the figure is just a hypothesis, rather just a "dream". I do not think at this level, nor do I analyze it. I only checked this level to represent the fractal rule.
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