SPX Microstructure October 2023

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It does appear as though the fractal from 1H22 repeats now from late July. If so, the next week spike lower as expected
Uwaga
Mini fractal Oct 1999 calls for a spike down Monday and reversal at latest Tuesday while mini fractal summer 1971 calls for more downside into later Oct before corrective strong up. So next week decisive what is going to be
Uwaga
Clearly this is proceeding as June 2022
Uwaga
Getting there
Uwaga
Next week is the QRA which is so to say the QE equivalent news just like in early 2010s
Uwaga
Eventually, this decline most likely approaches 3800 into Feb 2024
Uwaga
Pretty good
Uwaga
I wonder whether the gap at 4560s be closed before or after NYE.
Uwaga
Alright, if SPX cannot reverse its weekly trend to up by Nov 24 close, then likely spike low just like in the Oct 13 last year for the exact larger fractal replication
Uwaga
Critical week, gap closing needed
Trend Analysis

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