Indice S&P 500Long
$SPX: Targets and Reversal Zones
I still think the market want to tag 2177, a major EW pivot that has a long mathematical history.
Should it break through 2177, recent trading between 2156 and 2169 gives us a target of 2190.
I am itching to short this puppy, but VIX remains depressed at yearly lows. And it has shown in the past it can remain at depressed levels for considerable lengths of time.
Note the support at 2169 where we put in a double top.
Should it break through 2177, recent trading between 2156 and 2169 gives us a target of 2190.
I am itching to short this puppy, but VIX remains depressed at yearly lows. And it has shown in the past it can remain at depressed levels for considerable lengths of time.
Note the support at 2169 where we put in a double top.
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