SPX Microstructure October 2023

Updated

It does appear as though the fractal from 1H22 repeats now from late July. If so, the next week spike lower as expected

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Mini fractal Oct 1999 calls for a spike down Monday and reversal at latest Tuesday while mini fractal summer 1971 calls for more downside into later Oct before corrective strong up. So next week decisive what is going to be

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Clearly this is proceeding as June 2022

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Getting there

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Next week is the QRA which is so to say the QE equivalent news just like in early 2010s

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Eventually, this decline most likely approaches 3800 into Feb 2024

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Pretty good

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I wonder whether the gap at 4560s be closed before or after NYE.

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Alright, if SPX cannot reverse its weekly trend to up by Nov 24 close, then likely spike low just like in the Oct 13 last year for the exact larger fractal replication

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Critical week, gap closing needed

Neon

Related publications

SPX Roadmap Sep 2023

by Neon

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