SPX Roadmap July 2024
Topping phase has begun at the exact level it was expected to start
Anmerkung
So far so goodAnmerkung
Target reached pre-marketAnmerkung
It is a bit too strong too fast hereAnmerkung
Bulls are so impatientAnmerkung
Ideally SPX gets to around 5725Anmerkung
The battle below the Iron Dome continuesAnmerkung
Getting thereAnmerkung
Quite a grind up here into the Iron DomeAnmerkung
Entering Oct exactly as expected in price and timeAnmerkung
Mid Oct price level reached. However, the price structure does not look complete, so this may extend a bit to the upside stillAnmerkung
The main objective has been achieved. However, the price structure still looks unfinished which calls for upside extension. Either way, the bull cycle reached the 2 yr mark. So from time and price perspective, it should be extra time nowAnmerkung
Good reaction from the Iron DomeAnmerkung
Dow appears to be forming initial 5w down which could be a precursor to a larger decline. Still uncertain whether this is done or one more final Trumpian highAnmerkung
So we had an initial breakdown this week across indexes, but still higher support levels are intact. Therefore, still uncertain whether an important Top has been made or one more Trumpian high aheadAnmerkung
One more Trumpian high is early in the makingAnmerkung
Not much above really, lets see how it goes into Thanksgiving
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