SPX Roadmap July 2024
Topping phase has begun at the exact level it was expected to start
הערה
So far so goodהערה
Target reached pre-marketהערה
It is a bit too strong too fast hereהערה
Bulls are so impatientהערה
Ideally SPX gets to around 5725הערה
The battle below the Iron Dome continuesהערה
Getting thereהערה
Quite a grind up here into the Iron Domeהערה
Entering Oct exactly as expected in price and timeהערה
Mid Oct price level reached. However, the price structure does not look complete, so this may extend a bit to the upside stillהערה
The main objective has been achieved. However, the price structure still looks unfinished which calls for upside extension. Either way, the bull cycle reached the 2 yr mark. So from time and price perspective, it should be extra time nowהערה
Good reaction from the Iron Domeהערה
Dow appears to be forming initial 5w down which could be a precursor to a larger decline. Still uncertain whether this is done or one more final Trumpian highהערה
So we had an initial breakdown this week across indexes, but still higher support levels are intact. Therefore, still uncertain whether an important Top has been made or one more Trumpian high aheadהערה
One more Trumpian high is early in the makingהערה
Not much above really, lets see how it goes into Thanksgivingהערה
LIkely into 6150sהערה
SMH argues for one more corrective high since the Aug low reminiscent of the SPX pattern the first 8 months of 2000
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