SUMMARY - This is most updated regression outlook. The odds on favorite is explosive move up starting 12/03 breaking 2000 last 2 weeks of the year and tagging 2060+ from Christmas to January 3rd. But the red box HAS TO HOLD. If it doesn't, it's going get nasty quickly.
DETAILS? - See the highlighted route? If price leads the highlighted path DOWN (meaning if it's meaningfully more bearish than the highlighted route), then red box likely WILL NOT HOLD. Blue box isn't a concern with the caveat that RED BOX HOLD.
SO? - Short orange box and wait and see. If price holds highlighted route, December will be very interesting.
DETAILS? - See the highlighted route? If price leads the highlighted path DOWN (meaning if it's meaningfully more bearish than the highlighted route), then red box likely WILL NOT HOLD. Blue box isn't a concern with the caveat that RED BOX HOLD.
SO? - Short orange box and wait and see. If price holds highlighted route, December will be very interesting.
Note
BTW, unless red box fails to hold, nothing else from me until December.
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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.