SPX charting
Updated
Hello everyone, here is a general view at SPX. You can see that SPX is moving in a channel (red lines). It has growth periods which are ruled by the green lines and stagnating/accumulation/redistribution periods. The orange circles highlight the entry and exit of these redistribution periods. Altough a very short growth period compared to the previous ones has elapsed since the last redistribution period, i am assuming that we entered a new redistribution period. I theorize in the graph that the redistribution period will be as long as the previous one (190 bars) which somehow perfectly coincide with an exit that respects the red bands, the blue redistribution system and the grey lines that suggest a huge rising wedge.
It is possible that we havent entered yet a redistribution period, and that i would have misplaced the latest redistribution period on the graph. But, I do not think that the price, which has already burst above the mid line of the red channel, can stay above the green line for much longer seeing the state of our world today. It would represent an anomaly/manipulation.
The biggest question now is, if we did enter the redistribution period, what is the minimum the price can reach ? It seems that 2300 would be the minimum, 2100 is possible in an extreme case.
GL everyone, I hope this helped to take a step back and look at the bigger picture.
It is possible that we havent entered yet a redistribution period, and that i would have misplaced the latest redistribution period on the graph. But, I do not think that the price, which has already burst above the mid line of the red channel, can stay above the green line for much longer seeing the state of our world today. It would represent an anomaly/manipulation.
The biggest question now is, if we did enter the redistribution period, what is the minimum the price can reach ? It seems that 2300 would be the minimum, 2100 is possible in an extreme case.
GL everyone, I hope this helped to take a step back and look at the bigger picture.
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