SPX Forecast 22'-23' (Fibonacci Analysis)

Notes:

Expecting financial markets to rally amid FOMC summer hikes.
Entering "Complacency" (June 06, 2022 - Feb 2023) in market cycle.
Entering "Anxiety" (Nov. 2022 - Oct. 2023) in market cycle.

Hedge Idea


(Long):

Entry Price: $3,923.00
Entry Date: June 06, 2022
Price Target: $4,500.00
Date Target: Nov. 2022



(Short):

Entry Price: $4,500.00
Entry Date: Feb. 06, 2023
Price Target: $3,600.00
Date Target: Oct. 2023