Browse Symbol Stacks: $SPX: SPX2816.jpg

SPX2816.jpg

$SPX 1550 is coming, and I'd say quickly. How the market reacts at that level should tell you everything you need to know about this market. Bad correction, or deep bear market? Multiple key trendlines are converging at that level this spring. It will either mark the end of this correction, or the midpoint of a much bigger move.

Comments

ammoammo
I think fed ran out of tools, and 1600 area is just the beginning of reality 
 
http://cdn.socialtrade.com/comsys/imgs/2016-02-08-PROPHET-png- spx-channel-2_B69Grs_m.png 
 
http://cdn.socialtrade.com/comsys/imgs/2016- 02-08-PROPHET-png-spx-channel_WSM0up_m.png
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2/8/16
redvetttesredvetttes
Rev thanks for TBG,  
Paying off now 2/8/16
DinkDink
If the SPX can't hold 1775-1800, then I'll agree with you we are headed to 1500. Until then, odds favor a major bottom around here at 1800 and new all-time highs this year. 2/8/16
alshawalshaw
cover your shorts now 2/8/16