SPX Forecast 22'-23' (Fibonacci Analysis)
Notes:
Expecting financial markets to rally amid FOMC summer hikes.
Entering "Complacency" (June 06, 2022 - Feb 2023) in market cycle.
Entering "Anxiety" (Nov. 2022 - Oct. 2023) in market cycle.
Hedge Idea
(Long):
Entry Price: $3,923.00
Entry Date: June 06, 2022
Price Target: $4,500.00
Date Target: Nov. 2022
(Short):
Entry Price: $4,500.00
Entry Date: Feb. 06, 2023
Price Target: $3,600.00
Date Target: Oct. 2023
Expecting financial markets to rally amid FOMC summer hikes.
Entering "Complacency" (June 06, 2022 - Feb 2023) in market cycle.
Entering "Anxiety" (Nov. 2022 - Oct. 2023) in market cycle.
Hedge Idea
(Long):
Entry Price: $3,923.00
Entry Date: June 06, 2022
Price Target: $4,500.00
Date Target: Nov. 2022
(Short):
Entry Price: $4,500.00
Entry Date: Feb. 06, 2023
Price Target: $3,600.00
Date Target: Oct. 2023
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