SPX Roadmap July 2024

22 Tem

Topping phase has begun at the exact level it was expected to start

3 Ağu

Not

So far so good

5 Ağu

Not

Target reached pre-market

17 Ağu

Not

It is a bit too strong too fast here

24 Ağu

Not

Bulls are so impatient

31 Ağu

Not

Ideally SPX gets to around 5725

6 Eyl

Not

The battle below the Iron Dome continues

19 Eyl

Not

Getting there

25 Eyl

Not

Quite a grind up here into the Iron Dome

29 Eyl

Not

Entering Oct exactly as expected in price and time

13 Eki

Not

Mid Oct price level reached. However, the price structure does not look complete, so this may extend a bit to the upside still

20 Eki

Not

The main objective has been achieved. However, the price structure still looks unfinished which calls for upside extension. Either way, the bull cycle reached the 2 yr mark. So from time and price perspective, it should be extra time now

23 Eki

Not

Good reaction from the Iron Dome

28 Eki

Not

Dow appears to be forming initial 5w down which could be a precursor to a larger decline. Still uncertain whether this is done or one more final Trumpian high

1 Kas

Not

So we had an initial breakdown this week across indexes, but still higher support levels are intact. Therefore, still uncertain whether an important Top has been made or one more Trumpian high ahead

6 Kas

Not

One more Trumpian high is early in the making

17 Kas

Not

Not much above really, lets see how it goes into Thanksgiving

29 Kas

Not

LIkely into 6150s

29 Kas

Not

SMH argues for one more corrective high since the Aug low reminiscent of the SPX pattern the first 8 months of 2000