TradingView
Neon
13 de Nov de 2016 20:54

SPX Reagan Scenario Nov 2016 

S&P 500 IndexTVC

Descrição

Up up and away

Comentário

Working very well and approaching the zone

Comentário

In 1980, it took 18 days from Friday before elections to make the swing high, so by analog comes next week

Comentário

Spot on

Comentário

Distributive phase has started yet again
Comentários
ahmetnmsl
Hello.whst s your final up target ? Thanks
Neon
@ahmetnmsl, I think we have entered distribution so any potential higher high (>2214) will be marginal
ahmetnmsl
@Neon, hello.thanks for the answer but distribution phase means corrective/shorting phase ? Sorry for the lack of knowledge.
Neon
@ahmetnmsl, Distribution means rangebound before decline. But range could be large (could make marginal new high) so if one is short term (day to day trader) could still make money. Bulls energy in my mind has been largely spent short term
ahmetnmsl
@Neon, Thanks. in your chart above, C point nearly corresponds about 2222, right ?
Neon
@ahmetnmsl, Actually is a range between 2213 to 2230, so lower bound has been achieved as 2214 is the current high
Mais