SPX is in the process of another Bear market rally after yesterdays CPI data gave us one of the biggest one day rallies of all time. But if we look at the previous rally with time and price that gives us an upside target area of between 4150-4200 for around early December.
If we get there earlier and go through 4200 then a major low could be in and we head to new ATHs again.
The FED is in there again giving us the higher interest rate story but helping the market at the same time.
This is also a seasonly bullish time for the market so it will be an interesting few weeks going into the end of the year.
I hope this helps.. Enjoy the day.
t.me/OCEANAISIGNALS
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t.me/OCEANAISIGNALS
Check out the free Telegram group for Trade setups and Market Updates. Also one on one coaching now available. AI Subscription coming up shortly for an early bird introduction price.
Check out the free Telegram group for Trade setups and Market Updates. Also one on one coaching now available. AI Subscription coming up shortly for an early bird introduction price.
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.