SPX New ATH coming soon?

Nov 25, 2023

If the Monthly chart plays out we have three sign that all are pointing to $5219. Remembering a pattern is only a pattern once it forms and plays out. If the bull flag plays out its projected target would be $5219.27. The inverse head and shoulders projected target would be in the same area right at $5219. Using the Price retracement theory you would never guess what price target that equals, $5219.27! If we hold above a 50% retrace ($4333) I believe we will hit $5219.27. Monthly RSI is slightly above 50 putting us into a constructive market. When the writing is on the wall you cannot help but read it. Good luck and BTFD!