2 replies to this topic

[andr99]

https://i.postimg.cc/MpGtqSpP/spx.png

 

far from being close to any IT top 

 

the rectangular box is nothing else but accumulation imo and after such a relative long time accumulation it needs to rise more than what it has already done before we can think about another decent dip to start or IT top to occurr

Edited by andr99, 10 July 2021 - 01:27 PM.

[tsharp]

https://i.postimg.cc/MpGtqSpP/spx.png

 

far from being close to any IT top 

 

the rectangular box is nothing else but accumulation imo and after such a relative long time accumulation it needs to rise more than what it has already done before we can think about another decent dip to start or IT top to occurr

 

Both momentum indicator lines (fast and slow) have turned upward and to new relative highs, thus confirming the new price highs in the SPX, so while my next target is ~4406, a pullback in that range could allow for an upward push to the ~5000 range, before a larger pullback would give us a momentum reset, then off to new ATHs in Wave-3.

 

 

[slupert]

This weeks plan I'm long the banks and semi's will be selling in to it. Short sale triggers in place for futures. VIX=Kaboom !!! (JMHO)