SPX Roadmap July 2024

Topping phase has begun at the exact level it was expected to start
Uwaga
So far so good
Uwaga
Target reached pre-market
Uwaga
It is a bit too strong too fast here
Uwaga
Bulls are so impatient
Uwaga
Ideally SPX gets to around 5725
Uwaga
The battle below the Iron Dome continues
Uwaga
Getting there
Uwaga
Quite a grind up here into the Iron Dome
Uwaga
Entering Oct exactly as expected in price and time
Uwaga
Mid Oct price level reached. However, the price structure does not look complete, so this may extend a bit to the upside still
Uwaga
The main objective has been achieved. However, the price structure still looks unfinished which calls for upside extension. Either way, the bull cycle reached the 2 yr mark. So from time and price perspective, it should be extra time now
Uwaga
Good reaction from the Iron Dome
Uwaga
Dow appears to be forming initial 5w down which could be a precursor to a larger decline. Still uncertain whether this is done or one more final Trumpian high
Uwaga
So we had an initial breakdown this week across indexes, but still higher support levels are intact. Therefore, still uncertain whether an important Top has been made or one more Trumpian high ahead
Uwaga
One more Trumpian high is early in the making
Uwaga
Not much above really, lets see how it goes into Thanksgiving
Trend Analysis

Powiązane publikacje

Wyłączenie odpowiedzialności