SPX's run: what's left
In a nutshell, not much time wise.
The height of the huge (yuge) flat from 2000 to 2009 is the key (vertical blue line).
Projecting that height from the B top, that gives us a target of +/- 2506.
A little more than a 100 points.
The bull market's (2009 - ...) upper channel will hit that mark on or about March 17. Note that the Feds meet on the 15th.
So, short term bull but very worry about longer term (hence the neutral view)
Happy trading
The height of the huge (yuge) flat from 2000 to 2009 is the key (vertical blue line).
Projecting that height from the B top, that gives us a target of +/- 2506.
A little more than a 100 points.
The bull market's (2009 - ...) upper channel will hit that mark on or about March 17. Note that the Feds meet on the 15th.
So, short term bull but very worry about longer term (hence the neutral view)
Happy trading
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