S&P 500 up next 5 days and look at the rest of month
Updated
Building on my trend line, VIX, and AD line analysis. Trend held perfectly for the last cycle. Called a bottom of 2800, and wow hit it right on the mark! So, extrapolating this analysis to the coming week and then through the end of the month. I am not sure if the shorting of the cycle by 0.5-1 days is true or just noise. If it is true, then the pattern fits perfectly until the end of the month!!! Last two months end with a big drop. This pattern lines up perfectly for that.
Note
Just a follow up from last night. There may still be a half day or so of sideways before the potential bounce up. Morning market a bit flat and you can see that the valley is not quite as wide as the last time. It seems to be short by about half a day. It matches the valley on April 21st though. You may want to be patient this morning and look for an afternoon run.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.