S&P;500; UPDATE

$S&P;500; is taking excessive TIME to go down, now this can result in deviation in SHORT-TERM and MEDIUM-TERM CYCLES, which Technically means more upside, or a deeper pullback in Coming days!
Possibly it can extend till 4,077 to 4,150 on (S&P) cash! To negate this deviation S&P,500, must break 3,647, if it doesn’t then it can go higher first, before going lower!
The deviation if happens will impact only the short term, nothing will change for MEDIUM-TERM! 3,260 is yet to achieve, will take more TIME but certainly will go there, and even over shoot it on downside!
Earlier we expected MARKETS to turn down sharply, after 19th,OCTOBER, since that’s not happening we need to consider alternate sinario! TIME wise all the upside may end till mid NOVEMBER! Nothing beyond that, let’s see, 3,647 holds the key!

Leave a comment