I am forecasting an All Time High for the S&P 500 next week. See chart.
Basic rationale:
With VIX as low as it was on Friday and no breakout I think probability of a small pullback Monday, followed by a Tuesday - Thursday high volume move through both resistance areas to an all time high. Friday may have a pin to 2120 at OEX or may drive higher.
Basis for ATH forecast is Hurst cycle bottoming & alignment (blue lines to green and gold lines), RSI divergences and momentum, and liquidity flows (not pictured, see Lee Adler's liquidity analysis published at his site).
Basic rationale:
With VIX as low as it was on Friday and no breakout I think probability of a small pullback Monday, followed by a Tuesday - Thursday high volume move through both resistance areas to an all time high. Friday may have a pin to 2120 at OEX or may drive higher.
Basis for ATH forecast is Hurst cycle bottoming & alignment (blue lines to green and gold lines), RSI divergences and momentum, and liquidity flows (not pictured, see Lee Adler's liquidity analysis published at his site).
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.