SPX Roadmap Sep 2023
تم تحديثه
To get some panic going, market will most likely break the most obvious level of 4275 and spike the 200dma...
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And the 4275 got spiked yesterdayملاحظة
So the low on Oct 4 was likely the low although there is a bit of a danger period post Oct OPEX. Lets see whether SPX retraces to 4300 next few daysملاحظة
Next week will be crucial. It will be preferable to have a spike down Monday/Tuesday to below 200dma into 4125/4185 range and reversal from thereملاحظة
Below these levels and that likely confirms the late July top as a B wave topملاحظة
If this undershoots, say makes a large wick and reverses up, most likely will be in the low 4000s, say 4020/4060 into late Oct/early Nov. BOJ and Fed meetingsملاحظة
Today low looks a bit high, could be one more lower lowملاحظة
Overnight, the min target levels have been reached. The yearly bull trend is around 4020 plus FIB retraces at around 4040, so that will be reasonable on more downside. Will not surprise me if 4020 gets taggedملاحظة
Getting thereملاحظة
What a rebound from the expected levels. Algos do not sleepملاحظة
V shape cupملاحظة
The speed of recovery surprises me a bitملاحظة
1Q24 support is 4415/4500 and very likely will get tested in March if not earlier
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