Pages

Wednesday, July 25, 2018

$SPX - Before and After with 2018 Target

SPX has reached the Cycle target identified in May, 2018 analysis.  Both charts are shown with the results before and after.

A small pullback is due in August followed by the final run to the 2018 target. 

Daily

















Before:

May 21, 2018 analysis:  Breakout!

Daily















21 comments:

  1. Is everybody ready for the Grand Finale....???

    ReplyDelete
    Replies
    1. Oh yes I guess the next step has to be bought and held

      Delete
  2. Yes SC, it been a LONG road...

    ReplyDelete
    Replies
    1. Yes, it sure has been haha!

      Delete
    2. Sc I'm just curious what your game plan is you did say that there wouldn't be much movement but I seen upro explode to the upside it is moved 12 bucks from May I managed to trade it but then didn't hold it that long what is your game plan or taken a position are you waiting 29 5 0 too short or you're waiting for the market to dip down and by and hold it till November your thoughts

      Delete
    3. I may consider a long position in August on the pullback but as a rule it is always best to be cautious on the final move in the cycle.

      Delete
    4. Let's review in August.

      Delete
  3. Hi SC:

    We had a death cross in gold in late June 2018. This is the 11th time in the 21st century. The average length of time that the 50 day remains under the 200 day moving average for gold (during this century) is 210 calendar days. Do you see a possible bottom in PM's around the time of the grand finale for stocks or will they suffer longer than the usual 210 days-ya think?

    ReplyDelete
    Replies
    1. Thank you, interesting stats. I think it will take longer. Gold is a longer term play. Gold has dropped for 7 years so far off the 2011 high. This may take 2 or 3 more years to finally reach bottom well under $1,000.

      Delete
    2. It's going to be interesting.

      Delete
  4. SC achieving a long-standing target...Impressive.
    Be Careful achieving a long-standing target within 2 points and 1 day...Coincidence? Hmmmm....Suspicious? Definitely...most definitely...
    Either way, congrats on both of your great calls.
    Moving forward, perhaps it's time once again to Be Careful!

    ReplyDelete
  5. SC - you are still waiting for a pullback to 2780 SPX? Do you think it will go lower since we rallied to 2850?

    ReplyDelete
    Replies
    1. We could still see a shallow pullback but support building around 2,800. The final run to the top is due to commence this month.

      Delete
  6. Meanwhile bitcoin is in a configuration that will see extremely choppy price action short term with a tight range. The whipsaw phase is ending for bitcoin. The capitulation is approaching. Still months away but setting up for spectacular moves...

    ReplyDelete
  7. Drama heating up as always approaching a major top! Tesla deal in the works to fuel the final run?!

    ReplyDelete