SPX Roadmap Sep 2023

21 sept. 2023

To get some panic going, market will most likely break the most obvious level of 4275 and spike the 200dma...

27 sept. 2023

Note

And the 4275 got spiked yesterday

10 oct. 2023

Note

So the low on Oct 4 was likely the low although there is a bit of a danger period post Oct OPEX. Lets see whether SPX retraces to 4300 next few days

20 oct. 2023

Note

Next week will be crucial. It will be preferable to have a spike down Monday/Tuesday to below 200dma into 4125/4185 range and reversal from there

20 oct. 2023

Note

Below these levels and that likely confirms the late July top as a B wave top

21 oct. 2023

Note

If this undershoots, say makes a large wick and reverses up, most likely will be in the low 4000s, say 4020/4060 into late Oct/early Nov. BOJ and Fed meetings

23 oct. 2023

Note

Today low looks a bit high, could be one more lower low

26 oct. 2023

Note

Overnight, the min target levels have been reached. The yearly bull trend is around 4020 plus FIB retraces at around 4040, so that will be reasonable on more downside. Will not surprise me if 4020 gets tagged

28 oct. 2023

Note

Getting there

4 nov. 2023

Note

What a rebound from the expected levels. Algos do not sleep

19 nov. 2023

Note

V shape cup

14 déc. 2023

Note

The speed of recovery surprises me a bit

31 déc. 2023

Note

1Q24 support is 4415/4500 and very likely will get tested in March if not earlier