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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: rcksinc who wrote (52738)2/24/2022 12:40:32 PM
From: ajtj993 Recommendations

Recommended By
Lee Lichterman III
rcksinc
towerdog

  Read Replies (2) | Respond to of 97597
 
rcks, I've been thinking about that formation the past couple of days, and when combined with the 2nd year new pres election cycle, this is what I was thinking could happen last night before all the shooting started:

End of Feb - 4,000 to 4050 SPX.
Bounce into end of April.
End of May - 3,800 SPX.
Bounce into June.
End of July - 3,600 SPX.

That would work with the cycles, with maybe a re-test of a low in the fall.

The end of July target would satisfy that H&S top target.

Anyway, that's what I was thinking about 15-hours ago. Today's action will tell us a lot. Even if we did make a low this morning, we should expect a re-test soon.