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SP500 update

Updated: May 10, 2022

4043 could be a good entry point but ensure a stop is placed just below this point - currently about 15 points off this level so I will post this now and elaborate soon

This may only be a short term move so be careful - 11th May has another Minor Cycle coming in so if we move up for the next two days into this point it could be a good point to take some profits as there is a possibility that it may setup as counter trend top and drop into the 18th May for final Low so I will watch the pattern of trend leading into this date and if we trade lower than the 11th we could be down into the 18th - or if we break through the 11th and move higher we could be up to the 18th May which is the less likely probability so I will wait for that 11th May intersection to approach and then we will know which way we are moving into the 18th


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sravan kumar
sravan kumar
May 05, 2022

You lost me here. Is 6th may likely counter trend top and not 12th May?

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If 18th is indeed the low, what would be the possible path for SPX in June/July? thanks.

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