I have made some calculations regarding potential stock market development in the S&P500 in the coming months. There is of course no guarantee that it will turn out exactly like this, but there are very interesting mathematical correlations in an optimal scenario. Since January 2018, the price has been inside an ascending channel with a couple of hits at both...
The likelihood is now increasing for a strong rebound up. In the first stage up to this month's previous peak, which means about 10%. Best case scenario in the slightly longer term means an increase of as much as 75%!
...In coming days
Bear flag is forming signaling a nearby downmove. Major support at ~2950 and Fibonacci extension that strengthen the calculation of major support.
A close above daily 50 MA will likely trigger a rise to 400 dollar in coming weeks/months.
IF the downsloping trendline is broken expect a big move coming weeks. Maybe to 10 000 USD!
If the downsloping trendline is broken, expect at move to 10000 dollar in the coming months.
Upside to 10 000 dollar likely! Stop loss if under 5800 dollar. Then it will go to 3000 dollar.
Nice bear flag here! Be not surprised if you see the target in the coming days.
Bullish pattern last days indicates a move to 7000 coming days. But IF 20 MA is broken on the downside then we will see 4900 coming weeks. There is a HUGH support that will lead to a monstrous move to the upside.
Good chances för a pullback from this level today or coming days.
Trendline + topping tail. Target at gap fill 169 $
Big upside coming! Target 278.
When the upsloping trendline breaks, fast move to approximately 4900, then a big bounce before a new drop to 3000.
New opportunity to short!