SPX 3,505 is next!

As I thought previously, they would rather QE4ever rather than kill the economy, which perhaps would then kill the economy but not as quick as QT would have done.

 

Target in sight, possibly may tag it even today.

 

SPX is too slow and weak.

France CAC40 has already broken the record high.

 

Check

 

4k SPX is the next target with a possible overshoot to 61.8 fibs zone around 3950ish, but main target is 4k. It would make more sense to pullback there first, reload and then advance to the 4300+ area. But that is another story that will be told later if the current one was to play out

 

So far, this journal, which was not meant to be a journal, is 4/4.

 

So, you're calling for a pullback / correction to 4K from here?

I see a lot of air above 4200 on SPX/ES. You don't see us filling those gaps first before a possible pullback?

More specifically, 4228.48 and 4283.74.

Personally, I would guess there may be more juice left for another push higher, but I'm not going to argue against 4/4.

 

I think I 'replied' via the ES journal, but hey, anything is possible when it comes to market oscillations and it is hard to establish which scenario is more likely to take place next, the part which is more probable is that overall we are to continue advancing higher due to macrocycle now being an uptrend, regardless of where the funds are flowing into. Since nothing goes up in a straight line, I favour a pullback prior to tagging 4300+.

Let puts expire worthless, fcuk up the bears and then fcuk up FOMO, it is a win win

 

Next target is 4450. No new high before SPX touches 4450.

 

That was one amazing call