.SPX: What's Going on Next?

Hello everyone! Today i want to share some technical analysis with you!

From MPW Scroll #154 posted last weekend, “next Monday would start with a fairly large gap down, opening at 5800 or even 5782;” that is a very accurate read of the market.

Let’s see whether the rest of the prediction is correct or not. $.SPX(.SPX)$

Image

Just arrived LAX and missed the intraday rebound; all short positions were stopped out in the first hour; the rebound is not impulsive enough so far; it needs to retest and hold 5800 tmrw to validate the bottom at 5780; the first series of correction “may” have completed today.

The Red Path in this Jan 2nd chart is still worth noting, though. So far, the decline from 6100 has been very tentative, a typical feature of a large W-4 formation. As I noted ysydy, this correction will take a few months to develop and the minimum target is 5588.

Follow me to learn more about analysis!!

Technical Analysis

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Twelve_E
01-14
Twelve_E
useful information

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Today i want to share some technical analysis with you!1.From MPW Scroll #154 posted last weekend, “next Monday would start with a fairly large gap down, opening at 5800 or even 5782;” that is a very accurate read of the market. Let’s see whether the rest of the prediction is correct or not. <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\".SPX\" href=\"https://ttm.financial/S/.SPX\">$.SPX(.SPX)$</a> <img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/31e49a824c4389d25f2907c22b303548\" tg-width=\"2048\" tg-height=\"1152\">Image2.Just arrived LAX and missed the intraday rebound; all short positions were stopped out in the first hour; the rebound is not impulsive enough so far; it needs to retest and hold 5800 tmrw to validate the bottom at 5780; the first series of correction “may” have completed today.3.The Red Path in this Jan 2nd chart is still worth noting, though. So far, the decline from 6100 has been very tentative, a typical feature of a large W-4 formation. As I noted ysydy, this correction will take a few months to develop and the minimum target is 5588.Follow me to learn more about analysis!!</body></html>","htmlText":"<html><head></head><body>Hello everyone! Today i want to share some technical analysis with you!1.From MPW Scroll #154 posted last weekend, “next Monday would start with a fairly large gap down, opening at 5800 or even 5782;” that is a very accurate read of the market. Let’s see whether the rest of the prediction is correct or not. <a data-mention-id=\".SPX\" class=\"teditor-mention\" data-mention-name=\".SPX\" href=\"https://ttm.financial/S/.SPX\">$.SPX(.SPX)$</a> <img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/31e49a824c4389d25f2907c22b303548\" tg-width=\"2048\" tg-height=\"1152\">Image2.Just arrived LAX and missed the intraday rebound; all short positions were stopped out in the first hour; the rebound is not impulsive enough so far; it needs to retest and hold 5800 tmrw to validate the bottom at 5780; the first series of correction “may” have completed today.3.The Red Path in this Jan 2nd chart is still worth noting, though. So far, the decline from 6100 has been very tentative, a typical feature of a large W-4 formation. As I noted ysydy, this correction will take a few months to develop and the minimum target is 5588.Follow me to learn more about analysis!!</body></html>","text":"Hello everyone! Today i want to share some technical analysis with you! 1. From MPW Scroll #154 posted last weekend, “next Monday would start with a fairly large gap down, opening at 5800 or even 5782;” that is a very accurate read of the market. Let’s see whether the rest of the prediction is correct or not. $.SPX(.SPX)$ Image 2. Just arrived LAX and missed the intraday rebound; all short positions were stopped out in the first hour; the rebound is not impulsive enough so far; it needs to retest and hold 5800 tmrw to validate the bottom at 5780; the first series of correction “may” have completed today. 3. The Red Path in this Jan 2nd chart is still worth noting, though. So far, the decline from 6100 has been very tentative, a typical feature of a large W-4 formation. As I noted ysydy, this correction will take a few months to develop and the minimum target is 5588. 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