My ST is bearish as of Friday's close. So a retest of the SPX 2710 lows looks like a possibility.
IT is bullish. A break below 2710 will turn my IT bearish. If my IT turns bearish and holds above 2500, then i would expect a 1-2 months correction to reset the technical damage and create a base for a rally to new all time highs.
LT is bullish. A break belwo SPX 2500 will turn my LT bearish. If 2500 breaks, then a 30% correction would be the logical expectation and could take 8-12 months to complete.
So it's pretty simple here. If 2710 holds and we rally, then expect new highs by Jan 2019. If 2710 breaks and 2500 holds, expect a 2 months correction into Jan 2019. If 2500 breaks, then expect a 8-12 months bear market.
That's my roadmap for next few months.
Edited by NAV, 21 October 2018 - 11:39 PM.