S&P - Macro Forecast

3. Dez. 2022

Green Trend from way way down. Purple current trend. Fibs, most important Fib is the bounce of 0.381 and weekly support, in my opinion a continuation for uptrend. Subject to losing the 0.382, not drawn, I'd draw a parallel channel for the current downtrend. The measured move, purple dotted mid level, forming a double top down (approx 1st August 24), a drop to the marker for a possible Head and Shoulders pattern, should the Crystal Ball play out to the upside. Interesting to see how the trend aligns with the Big Daddy (green trend) bottom. Probably the Fed Pivot or Recession bollocks will be the "news" around that time. Lets see, no time like now. Love trading! <3