.SPX: What's Going on Next?
Hello everyone! Today i want to share some technical analysisi with you!
1.
Market the Mathematician: $S&P 500(.SPX)$
(1) in MPW Scroll #157, I pointed out an amazing "coincidence" for SPX moves over the past 5 years.
(2) the Oct. 13, 2022 bottom of SPX is EXACTLY 50% of the previous up wave from 2192 to 4818;
(3) after that, SPX rose to 6128, EXACTLY the same length.
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2.
Market the Joker:
(1) for the veteran traders who were there on March 6th 2009, they should remember what 666 means for the market.
(2) yes, that is the absolute bottom for SPX in GFC bear market.
(3) interestingly, the close price on IBKR for SPX is 6066.66. What a cute market?
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3.
6045 Regained:
(1) right at the open, the market jumped higher to reclaim the BULL/BEAR line at 6046.
(2) as long as this line remains intact, the trend heads higher--but, the resistances are strong, not to mention the potential "tariff" curve ball.
(3) Wedn. looks like a turn.
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