SPX Roadmap Oct 2022

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A very decisive month ahead as could be an inflection month for a year end rally

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ملاحظة

3350/3400 level is the non recessionary trend support. The multiyear trend support has only been broken in recessions

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ملاحظة

3350 would represent 30 pct decline from peak similar to 2001 while 3233 will represent 38 pct retrace 2009/2021 and also prelection 2020 low. US mid term elections on Nov 8, so I would fully expect these levels to be tested in later Oct