SPX Roadmap July 2024
Topping phase has begun at the exact level it was expected to start
Uwaga
So far so goodUwaga
Target reached pre-marketUwaga
It is a bit too strong too fast hereUwaga
Bulls are so impatientUwaga
Ideally SPX gets to around 5725Uwaga
The battle below the Iron Dome continuesUwaga
Getting thereUwaga
Quite a grind up here into the Iron DomeUwaga
Entering Oct exactly as expected in price and timeUwaga
Mid Oct price level reached. However, the price structure does not look complete, so this may extend a bit to the upside stillUwaga
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 nowUwaga
Good reaction from the Iron DomeUwaga
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 highUwaga
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 aheadUwaga
One more Trumpian high is early in the makingUwaga
Not much above really, lets see how it goes into ThanksgivingUwaga
LIkely into 6150sUwaga
SMH argues for one more corrective high since the Aug low reminiscent of the SPX pattern the first 8 months of 2000
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