SPX perfectly hitting targets!

1855 bounce target hit today as predicted.

 

what's your target for tommorow or this week or February or 2016? If you can't answer without using the word "if" spare me.

 

down under ;-) as the 5yr chart above indicates...
We'are since start of 2015 in a recession...

 

so what's the next target?

 

The ultimate target is 1750-ish, not much different to the OP's target.

Those price trajectories look pretty spot on, in my newbie opinions.

 

ok, get back to me at 1750 and see if that still looks like the target. Whoops! I used the word "if" (it is indespensible when making predictions.)

 

i'm a little upset that there hasn't been a decent bounce to short into

 

Sorry i don't check this board often. My latest chart is here just posted. Bounces hitting perfectly and working its way down to lower targets perfectly. Called for 1806 when we were still in 4 up and target stays. 1806 in the end. I don't post daily updates on this blog as i don't check it too often.

http://wizeeconomy.com/2016/02/10/sp-500-chart-february-10-2016/

 

The bounce that people will short into is the bounce that I will be long in. That's coming up soon

 

We look at similar stuff...that "4" bounce has very close symmetry to the "2" bounce...I chart 24h of ES so I don't have the same "clean" SPX channel that you have above, but heck it works.

I have a longer term bigger target down 1770-80 area that is the BIG channel line going back several years...but you could be completely spot on with an 1806 area bounce...it's just the theme of a rolling chop lower with lots of spike bar rallies.