SP500.
As announced Friday 25 Nov, SP500 has completed the previous analysis. As DXY developed a CHoCH on the higher time frame together with SP500, the high is completed. We will not visit this high again in a long time - Month/ years.
I expect we take the low of SP500 either by the end of this year or in the first quarter of 2023. DO NOT listen to anybody who says the bottom is in. We must have a high broken on the weekly, then a retrace. First then you can think we maybe have a bottom, not before..
We are in a confirmed bear and that can take years to get out of.. Trade carefully :-)
As announced Friday 25 Nov, SP500 has completed the previous analysis. As DXY developed a CHoCH on the higher time frame together with SP500, the high is completed. We will not visit this high again in a long time - Month/ years.
I expect we take the low of SP500 either by the end of this year or in the first quarter of 2023. DO NOT listen to anybody who says the bottom is in. We must have a high broken on the weekly, then a retrace. First then you can think we maybe have a bottom, not before..
We are in a confirmed bear and that can take years to get out of.. Trade carefully :-)
Order cancelled:
This analysis is canceled due FOMC meeting. Waiting to see the development of price action.. It is not advised to trade until CPI numbers is announced on 14 Dec..
New Price action will be issued..
New Price action will be issued..