S and P 500 index: SPX Super Long-Term ForecastSandP 500 Index Back to the Future
This could be a fractal of Bitcoin on a one minute chart.
In fact it's the SandP monthly chart. But instead of being up
50% in 24 hours, the SandP has taken 24 months to rise 50%
from 1800 to 27,000. Same thing, just slower. Both are very
popular, the SandP attracts 'old' money and Bitcoin 'new'.
As per older comments, nothing has changed here. This index
should rally between 4 x and 6 x from the 1800 lows set 2
years ago - to a minimum target at 72,000 and a maximum at
100,800 - over the next 14 years. Sounds very far fetched?
Stretched valuations? Maybe stretch your imagination
instead...Look back to the past - and see the future
S-P-500-DOWI-SPX500-Super-long-term-Chart-and-analysis/
Super
Super strong bullish engulfing pattern on USDCHF
As we can observe on the daily chart, a super strong bullish engulfing pattern has formed. 1# candlestick is a dragonfly doji candlestick, with a very long lower shadow. 2# is a strong bullish candle, which confirms the strong dragonfly doji. This indicates, that a huge press from the buyers has emerged, in a short time.
This, combined witch the bullish trend and candlesticks on the longer time frames (weekly and monthly), makes it a strong long trade setup, according to my trading strategy.
Stoploss will be: 0.95520 (80 pips).
Target will be around the 61.80 % fibonacci retracement level and the resistance line, depends on the future movement of the price.