Long Term Bearish SPX
I posted this Chart 2 months ago. With all the Socio-economic disruption going on I think that all wee need is a catalyst to set the ball rolling downward. If I view this as a true Chartist and purely based on what the charts say then this also would indicate a reversal.
ORIGINAL COMMENT: This is a monthly chart of SPX. I believe the market is topping out and will correct prior to reaching 2000. I see shorting possibilities coming with a retracement to a previous support area (FIB .764 ) which could become a support area with a further projected drop to .618 (mimicking two previous rertacements (Harmonics). I'm new and learning. This is my 1st go at this, all comments welcome (I want to learn).
ORIGINAL COMMENT: This is a monthly chart of SPX. I believe the market is topping out and will correct prior to reaching 2000. I see shorting possibilities coming with a retracement to a previous support area (FIB .764 ) which could become a support area with a further projected drop to .618 (mimicking two previous rertacements (Harmonics). I'm new and learning. This is my 1st go at this, all comments welcome (I want to learn).
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