One More Quick $SPX Note

I still think this update to this looks good for now.

I am getting the impression that many are looking to fade this rally. And I do think it will fail. The prior target I gave of 4200 is juicy, round and plenty of fibs there.

I will note one additional target just above it in case they have to shove more people out. It’s at 4224, and it involves us moving from the Green A-B-C configuration to the Red A-B-C configuration (both are entirely valid). It’s about a twenty point difference, so my point is: if 4200 is breached, I won’t be panicking just yet and I will give it a little more space knowing that the other number is a also a good spot and is close.

SPX

 


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