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Strategies & Market Trends : TRIPLE TRADES -- Ignore unavailable to you. Want to Upgrade?

To: Bull RidaH who wrote (3616)	12/26/2023 7:50:04 PM
From: Bull RidaH	3 Recommendations Recommended By accountant robert b furman yard_man Read Replies (1) \| Respond to of 4397

SPX - The time spent above the megaphone line was short-lived, so no megaphone breakout target currently exists. However, the upside pennant breakout target was set in stone after last Wednesday's pullback, and that target is calculated to be 4914. So, I would expect that number to be met within the next couple weeks, to be followed by a serious decline not even you know who would want to sit through. <g> In fact, that number COULD represent the final high, as the 2022 9-month long diamond pattern's 4840 target will also finally be fulfilled. Enjoy & make the most of this next 3% up, because it could be the last hurrah before the next bear begins. Those looking for a little more pie should consider the $RUT, which has a reversal target of 2227 (8% more rise) firmly in place.