SPX500 - Entering Consolidation Period
Updated
The blue lines (solid and dotted) represent areas where I expect the price to go up/down to. They are the support and resist.
The green circle represents a period of time where I think the consolidation will come to an end.
The way current conditions are, the consolidation period will come to an end between February 2020 and October 2021. We could then see a crash or break-out. The move up or down, when we come out of consolidation, might be slow as well.
This is not financial advice.
I will keep updating this graph every so often as conditions change.
The green circle represents a period of time where I think the consolidation will come to an end.
The way current conditions are, the consolidation period will come to an end between February 2020 and October 2021. We could then see a crash or break-out. The move up or down, when we come out of consolidation, might be slow as well.
This is not financial advice.
I will keep updating this graph every so often as conditions change.
Note
Despite setting a new record, we are headed down again from here. It is very well possible that the price goes beyond the blue lines for a short period of time. Please keep in mind that this is a very early prediction. The core idea remains the same.
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