SPX Long idea
Updated
Many indicators on a daily pointing to $480 with some possible overshoot, so I think that where we'll land by end of 2023
1.
Bullish pennant is most prominent (orange line)
2.
Cup and handle (yellow line) ideally I would like the handle to go lower to 420 area. This may still play out earther once we reach double top or earlier.
3.
Elliot waves with ABC correction is completed. (white and pink lines)
4.
general BS bullishness of the market
Good luck
1.
Bullish pennant is most prominent (orange line)
2.
Cup and handle (yellow line) ideally I would like the handle to go lower to 420 area. This may still play out earther once we reach double top or earlier.
3.
Elliot waves with ABC correction is completed. (white and pink lines)
4.
general BS bullishness of the market
Good luck
Note
Possible further correction before shooting to 480Its my definite buy at 420, where SPX would touch 200MA and made full C&H
Note
So 420 on shorter timeframe is very possible.It would ABC correction more accurate, also there is that H&S on 2-4h that has not yet playout.
Note
I was holding from 420, ATH on SPX is at 480 and its where I am outNote
that's my long term bullish ideathere is clear potential to play Bearish during consolidation.
Note
and here is bearish idea
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