*A* market bottom is due in 4 to 24 months for SPX
The current bear market / monthly time-frame pullback should experience a monthly bottom leading to bullish sentiment throughout the market in 4 to 24 months based on previous action on this time frame.
We have an unconfirmed trend resistance that would confirm on a third rejection that we can keep a patient eye on as well to look for a potential earlier bottom.
Using basic price action structure ("looking-left"), as well as complimentary fibonacci retracement percentages, we can easily see major areas of support where the bottom could potentially form overall; notwithstanding wicks of course.
We have an unconfirmed trend resistance that would confirm on a third rejection that we can keep a patient eye on as well to look for a potential earlier bottom.
Using basic price action structure ("looking-left"), as well as complimentary fibonacci retracement percentages, we can easily see major areas of support where the bottom could potentially form overall; notwithstanding wicks of course.
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