SPX Roadmap Aug 2022

Updated

We are entering the price zone and the timezone, although some more extension could happen and be reasonable

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Next week could be critical as the clock for the turn down is starting. Lets see

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We are very close to min initial top if not the start of multimonth decline

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Getting towards these levels into 4200s

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Reversal intact. Likely target 3500 into late Sep/early Oct

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Very good reversal and follow through to the downside this month. Sep to remember?

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Next important level on the downside comes at 3380/3400 in October. This is where it could become interesting as a potential base for a bounce into Jan

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Works like a charm so far

Related publications

SPX Roadmap Jun 2022

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