SPX Possible Route to Double Bottom

2019년 1월 5일

Friday's rally was strong, and although NFP euphoria fades, the Powell 'patient' remark and the resumption of China talks are very positive. An A-B-C rally takes us to the .618 retrace from the last high, which is close to the .5 retrace seen in the 20% drop in 1998, for example, and in 2016, before the inevitable double bottom some time in Q1. After that, it's anyone's guess.

2628-2644 is the confluence of the .618 from the last drop, the .5 from the ATH, the 29/30 Oct and 20/22 Nov closing lows, and and A-B-C extension from the bottom, given the New Year opening pullback. The parallel channel helps as well.

Buy a little below here for 2628, then sell for 2347.

2019년 1월 18일

액티브 트레이드

First part reached, now will it pull back??