SPX Comments

    Posted by steve on 11th of Aug 2022 at 11:07 am

    IF this remains in primary roadmap - next wave down 900-1000+ points (that's not a typo)  Understand this simply comes from the expanding diagonal assumption.  Nothing to focus on at this moment but coming soon.   Respect the trend but simply keep the larger pattern in mind in the coming weeks. 

    Continue to trade what's in front of you level to level in accordance with your plan.  The bulls have the balls and we trade stay with the trend until evidence changes. 

    SPX comments on August 11th

    Posted by steve on 1st of Oct 2022 at 10:25 am

    SPX comments on August 11th warning about the next leg down.   A few days later, I pointed out the rising wedge within the channel and then the channel break.  Took some heat with those comments but my intention was to keep you from overlooking the bigger picture.   Sell was projected and SELL CAME. 

    That is right around BofA's

    Posted by fundamentalvalues on 11th of Aug 2022 at 11:37 am

    That is right around BofA's bottom end target of 3,200. They have done some great work this year. The areas they like are financials (XLF), healthcare (XLV), consumer staples (XLP), and energy (XLE). Areas that can navigate and benefit in inflationary environments. Inflation protection and cash return focused.

    wow

    Posted by arun on 11th of Aug 2022 at 11:11 am

    wow

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!