SPX: Breakdown of the downtrend, and longer term signals
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SPX is getting extremely interesting, now that VIX has spiked for more than 5 points on the current market decline. I'm monitoring the decline to catch the exact bottom in the market, which I think can end up matching the bottom in oil, and the energy sector, and a great chance to add to my EEM longs too, and acquire more latin american stocks.
I updated my time at mode analysis for SPX in the yearly timeframe, and there's a target at 2987usd, so, we might end up seeing that after the correction bottoms.
Best of luck,
Ivan Labrie.
I updated my time at mode analysis for SPX in the yearly timeframe, and there's a target at 2987usd, so, we might end up seeing that after the correction bottoms.
Best of luck,
Ivan Labrie.
Nota
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Support holds...
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We approach the end of the time required to rally again.Keep an eye out for
VIX today, the bottom might take place today.Trade attivo
The correction looks to have ended, but the signals here call for a breakout after the 24th. I'm long 
SPY from 236.19.Nota
Looking at SPX...we hit one of the long term targets, but we still have time to potentially continue the rally 
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