A screaming rocket back to 4400 and 4500 eventually,
SPX
played out the pre-set H&S pattern until ~4100.
Where is goes from here?
As those Buy Side, Sell Side and every middle firm predicted, we may have a flat close to the year unless the above are resolved.
I suspect they do not want a bad market reaction to all these external issues and so they decide to make it seem resilient and keep it flat or better. In all, ~4815 is top and it might extend to 5500 next June if everything starts to melt down
SPX
played out the pre-set H&S pattern until ~4100. Where is goes from here?
- USA Elections are next year
- Holiday Season has started.
- Geo Political Tensions on the rise
- Inflation not cool but job market and interest rates cooler
As those Buy Side, Sell Side and every middle firm predicted, we may have a flat close to the year unless the above are resolved.
I suspect they do not want a bad market reaction to all these external issues and so they decide to make it seem resilient and keep it flat or better. In all, ~4815 is top and it might extend to 5500 next June if everything starts to melt down
