Uptrend channel exited. Minimum target 3690 incoming guaranteed 100%. Espected target: new lower low.
Feels like the market wants another direction, other than that of the money "redistributed" by fed to the bank. Institutions are not investors or holders. They are a temporarly tool for fed. www.zerohedge.com More downside to come, after "redistribution" complete. Especting an atempt towards 4350 area and an end to liquidity.
December December December. Not one single weakness showned in the upward channel, yet.
Dollar - 2 weeks for a move, either break lower or a retrace to 108. Especting to break lower eventualy.
Real channel for SPX, this month it's go time. Last days to exit up top, selloff gradual at first.
3960 seems to be the resistance for 2 Nov FOMC meeting. We already got a solid base in the 3600-3800 range. 3750 will be next. Need to see if this holds. Probably MM's wait to the see the dollar course, if it allows another stall higher. Early november allows for this stall ! We only need to be at 3300 in early december! More to come...
New targets for short term, considering dollar is hitting a ressistance here, a fall in the usd may allow a small rally until elections. Either way, watch this 3500- 3550 level, this is where longs planned to turn up. Targets until elections on chart. Let's see if fed allows it.
End of the year 2022 update, market needs to drop for buyers, nothing left here. At 3700 the money eom september will be later realocated for a pump into elections, dollar will have a medium corection. December will find us breaking the 3700 on route to 3300 destination.
August-September update, do not enter long(except small positions, up until max 4300). Short in september at the highs.
August beginning channels. Not shortable just yet. Many months have past and we had just 2 test for highs, both with a major sell reaction. Here we are going for a 3rd test, espect nothing less.
Capitulation or steady selloff, doesent't matter, same target. Vix is ready for for another major drop in S&P500
Espect sellof again next week - target 3500 COntinuation. Bears ar still in control, gave a small contraoled channel for bulls to escape positions higher and get better prices. Last weeks we went from 4150 to 3650, espect a similar move.
3rd leg. Over 40% of the SPX cash will be wiped off the market next week (JPM will lose a heck ton of $). Some will be written off the markets liquidity, some will be repositioned (common sense suggest lower). SPY is equity settled and will have a LOT of pressure next week. The 3900 support was half sold already on fridays closing, that will be easly broken. Until...
New prospect, espect 3850/3900 maximum it can rally by friday, and a short after. We now sit at 3810. Lowest target sits at 3600 but espect to be stopped at 3650. This can take weeks until we get there and we will remain stuck at 3850-> 3650 interval.
Year transition target 2022 - 2023 feels neutral, mild bearish, market can override target, but it has to reach it. Cannot go beyond ATH as it will invalidate it and recalibration needed higher. Starting from summer of 2023 reposition long for a boom.