I think, SPX will top around 6500, previous history show, when it reached the RED LINE, it drops significantly.
The RED LINE AVG is around $6500
The GREEN LINE AVG which maybe bottom is around $2600
The bottom chart is supporting the scenario, the 3 Quarter Average.
The RED Horizontal line is the 1929 TOP. Simulating the candle if it will close to $4500, it can still go further.
The Price Chart Bullish scenario is when a candle close above the RED LINE, the price will go ballistic if this happened. You will see massive candles above the red line.
The RED LINE AVG is around $6500
The GREEN LINE AVG which maybe bottom is around $2600
The bottom chart is supporting the scenario, the 3 Quarter Average.
The RED Horizontal line is the 1929 TOP. Simulating the candle if it will close to $4500, it can still go further.
The Price Chart Bullish scenario is when a candle close above the RED LINE, the price will go ballistic if this happened. You will see massive candles above the red line.
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Disclaimer
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.