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SP500 CASH - Another Bear market Rally??

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SPX is in the process of another Bear market rally after yesterdays CPI data gave us one of the biggest one day rallies of all time.
But if we look at the previous rally with time and price that gives us an upside target area of between 4150-4200 for around early December.
If we get there earlier and go through 4200 then a major low could be in and we head to new ATHs again.
The FED is in there again giving us the higher interest rate story but helping the market at the same time.
This is also a seasonly bullish time for the market so it will be an interesting few weeks going into the end of the year.

I hope this helps.. Enjoy the day.
L_F
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618 Fibonacci RetracementAB=CDbearmarketrallyChart PatternsHarmonic PatternsoceanaipatterntradingS&P 500 (SPX500)timeandpriceTrend Analysis

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618 Fibonacci RetracementAB=CDbearmarketrallyChart PatternsHarmonic PatternsoceanaipatterntradingS&P 500 (SPX500)timeandpriceTrend Analysis
L_F
Juga pada:

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.