SPX near-tern short target / buy level
Our next big target on the downside is 4,000 on SPX but we might see some market chop between now and then and it's probably going to be best to offload some positions into the next drop in case the market takes on a general sideways trend for a while.
Our target for the next drop is 4210. This would complete an Elliot wave structure. The reaction on this level would be an important one. A clean break and we'd continue to follow down the move, a sharp bounce seems more likely and this would allow us to position again around the same price in a few days time.
Our target for the next drop is 4210. This would complete an Elliot wave structure. The reaction on this level would be an important one. A clean break and we'd continue to follow down the move, a sharp bounce seems more likely and this would allow us to position again around the same price in a few days time.
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