SPX Roadmap January 2018

26. Jan. 2018

This is interesting here

26. Jan. 2018

Anmerkung

Today GDP reported accelerating for 6Qs in a row 2.5% YOY. Most likely to continue accelerating into mid 2018 before peaking. Which implies any correction is a buy into summer

26. Jan. 2018

Anmerkung

It does appear a similar fractal to Aug 2010/Feb 2011. If correct then market should reverse in Feb into Mar

26. Jan. 2018

Anmerkung

Actually into Spring SPX could go as high as 3050

29. Jan. 2018

Anmerkung

So if u remember, 2135 major top in Spring 2015 was 1.618 FIB extension of 2007 high/2009 low which caused the multimonth bear cycle into Feb 2016. The next significant extension comes at 3045 which is 2.618 FIB which i currently expect to see this Spring similar to 2015. Currently BTW sentiment/positioning are approaching very bullish (not there yet) but in the next 1/2 weeks we should be going into potential topping period at least from a tactical perspective (say 5/7% decline) before up into Spring IMHO

2. Feb. 2018

Anmerkung

Good start

5. Feb. 2018

Anmerkung

Lets see whether this develops into a sharp zigzag into later Feb/early Mar

5. Feb. 2018

Anmerkung

That escalated quickly

5. Feb. 2018

Anmerkung

Target has been reached.

5. Feb. 2018

Anmerkung

I am thinking this plays similar to May 2015/Feb 2016 fractal but on a lower degree. So now we in August 2015. If correct, then we should have some solid bounce this week. If not then Aug 2011 is the alternate

6. Feb. 2018

Anmerkung

Solid correction so far as bulls have been asleep at the wheel