If you believe in infinite behavioral repetition, then you believe:
1 - 1980/1914 will hold as it did many times over 2 years (on 125d ema or after 50/61.8% retracement)
2 - The Santa Claus rally will work (for the 7th time in a row)
3 - SP500 will catch up to the TOP line again (2110 in Jan, 2150 in April, 2220 in July)
I personally believe that when something becomes so widely obvious it is about to change behavior.
There are supports every 30/40pts until 1860.. All these supports could be breached for the benefit of bigger picture change of paradigm.
Pivot weekly: 2021
Pivot monthly: 2048
Supports:
(1) 1982 - 125d ema (Key)
(2) 1945 - 200d ema + 50% retracement
(3) 1914 - 61.8% fibonacci + very key diagonal trendlines
(4) 1860 - last resort
(5) 1650 area is a buy for a while at least
Invalidation this month: 2060 on daily close but the upside above that is limited to 40pts + 1pt per business day.
1 - 1980/1914 will hold as it did many times over 2 years (on 125d ema or after 50/61.8% retracement)
2 - The Santa Claus rally will work (for the 7th time in a row)
3 - SP500 will catch up to the TOP line again (2110 in Jan, 2150 in April, 2220 in July)
I personally believe that when something becomes so widely obvious it is about to change behavior.
There are supports every 30/40pts until 1860.. All these supports could be breached for the benefit of bigger picture change of paradigm.
Pivot weekly: 2021
Pivot monthly: 2048
Supports:
(1) 1982 - 125d ema (Key)
(2) 1945 - 200d ema + 50% retracement
(3) 1914 - 61.8% fibonacci + very key diagonal trendlines
(4) 1860 - last resort
(5) 1650 area is a buy for a while at least
Invalidation this month: 2060 on daily close but the upside above that is limited to 40pts + 1pt per business day.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.