If the S+P 500 SPX fails to exceed 3120.38 next week,
....shortened by the Thanksgiving Holiday in the US,
and the beginning of the traditionally bullish Christmas shopping season
my proprietary read suggests a potential turning point entering December,
to mark the 1 year anniversary of the S+P 2018 bottom at 2346.
3120.38 is an important technical retracement level
as well as a "Point and Figure" Stop+ Reverse Point Buy Point
It must not be exceeded by one tick !
For the bulls, that's not much to ask for,
noting a break above 3120.38 would be potentially spring a breakout to new all time highs.
And, I would also like to take this opportunity to sincerely thank,
all the very gifted traders who both follow and read my market commentary
on tradingview.com,year round,
Thank you very much, for doing that.
THE_UNWIND
11/23/19
NEW YORK
....shortened by the Thanksgiving Holiday in the US,
and the beginning of the traditionally bullish Christmas shopping season
my proprietary read suggests a potential turning point entering December,
to mark the 1 year anniversary of the S+P 2018 bottom at 2346.
3120.38 is an important technical retracement level
as well as a "Point and Figure" Stop+ Reverse Point Buy Point
It must not be exceeded by one tick !
For the bulls, that's not much to ask for,
noting a break above 3120.38 would be potentially spring a breakout to new all time highs.
And, I would also like to take this opportunity to sincerely thank,
all the very gifted traders who both follow and read my market commentary
on tradingview.com,year round,
Thank you very much, for doing that.
THE_UNWIND
11/23/19
NEW YORK