SPX: Heading to our target! What's next?
• The SPX keeps going up, heading to our target at 3,911;
• Since it hit our support at the 50% retracement, the index reversed, and so far, there’s not a single bearish sign indicating another crash;
• As long as SPX stays above the dual-support area made by the 21 ema + 38.2% retracement, the bullish bias will persist until it hit our target, at least;
• If it loses its dual-support level, then the index might seek its next support area, around the 61.8% retracement;
• For now, everything is going according to the plan. I’ll keep you guys updated on this.
Remember to follow me to keep in touch with my analyses!
• Since it hit our support at the 50% retracement, the index reversed, and so far, there’s not a single bearish sign indicating another crash;
• As long as SPX stays above the dual-support area made by the 21 ema + 38.2% retracement, the bullish bias will persist until it hit our target, at least;
• If it loses its dual-support level, then the index might seek its next support area, around the 61.8% retracement;
• For now, everything is going according to the plan. I’ll keep you guys updated on this.
Remember to follow me to keep in touch with my analyses!
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