SPX technicals
Nothing certain here, but this never ending rally looks to be pausing again here.
There was a sharp drop 12/20, that ended immediately. a (down) of something (down).
Then a rally with some new highs. b of that same something.
Looks like we started c down of that something down late today.
Should retest the 12/20 lows. abc means corrective down and more upside to follow.
Yep. After 01/01/24 I’m expecting a correction (5-7%). If it turns up from there, great. If it’s deeper, than watch and wait.