S&P 500 IndexLong
SPX strong - stay long
Market broke up from the falling channel.
Market touched 4156 - 0.5 fib level and May High.
Market aiming for 4313 - 0.618 fib level and August high.
From that level, anything is possible again.
For market to continue down - we need BAD news. It's not there yet.
Note the two strong up trendlines that will give support if market continues falling.
Market touched 4156 - 0.5 fib level and May High.
Market aiming for 4313 - 0.618 fib level and August high.
From that level, anything is possible again.
For market to continue down - we need BAD news. It's not there yet.
Note the two strong up trendlines that will give support if market continues falling.
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