SUMMARY - Please like for support! This supplement should hold you over to 12/15.
DETAILS - Any move lower should only happen before week's end, current odds do not favor such a move but this is the spread of outcomes. Price action from 12/6 to 12/15 should determine how high we get by 01/03. Right now, it' s somewhere between 2015 and 2140. The earlier it moves, the higher the target. If price heads for gray box, then MAYBE we top 1960, but that's linear thinking because volatility works both ways. So in that scenario, I still favor 2000+ high. In all scenarios we hit 2140 by 02/14-02/18. I will post new chart on 12/15 FOMC. That's all today.
DETAILS - Any move lower should only happen before week's end, current odds do not favor such a move but this is the spread of outcomes. Price action from 12/6 to 12/15 should determine how high we get by 01/03. Right now, it' s somewhere between 2015 and 2140. The earlier it moves, the higher the target. If price heads for gray box, then MAYBE we top 1960, but that's linear thinking because volatility works both ways. So in that scenario, I still favor 2000+ high. In all scenarios we hit 2140 by 02/14-02/18. I will post new chart on 12/15 FOMC. That's all today.
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Links for first two IVOR are below.
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