S&P going through a rather minor correction in my opinion from the technical perspective. I think you'll see it come back down to that 1.618 level before we see a resumption of that march to the 3.618. This is just my advice, once it hits that $3,200/3.618 level, I'd get out. That growth from 2008 to now is simply unsustainable. I'll give it until the middle part of 2019; I'm not blowing the horns of Jericho, but my crystal ball tells me that it's time to strap in (or in my mind, go to bonds/cash) once it hits that level.
Happy trading! :)
Happy trading! :)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.