$S&P;500; UPDATE

STOCK MARKETS 1 Minute

$S&, P;500; finally broke the level of 4,200 in our review here on 20th,october we did expected it to break.
All CYCLES were perfectly alined for this breakdown and PRICES have acted on expected lines.
With yesterdays LOW of 4,127 INDEX also completed our primary Target of 4120 which we shared,
We were working with the zone of 4080-4120 as near term target,
So for short term all our objectives have met.
INDEX now needs some pause or a bounce before it resumes its next leg lower.
For medium term with the break of 4200 it’s almost certain that S&P is moving down towards the MARCH low of 3808 in next couple of months.
May be even lower then that,
but we would approach that in stages.
We do have certain targets in mind for longer term.
For short term level of 4161 is important because that’s PRICE and TIME EQUALITY POINT till 3rd,NOVEMBER.
This should work as a MAGNET would review setup again after 3rd,NOV,
and would look to anticipate the next possible move.

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Published by SAAHIL BELIM

MY NAME is SAAHIL and I have been actively trading in EQUITY MARKETS from 2014. I have been using Gann theory in my TRADING JOURNEY since 2016. my approach to Gann THEORY is totally different than what you may have seen or heard in various YOUTUBE VIDEOS. I have developed multiple MATHEMATICAL MODELS which are based on METHODS described by sir gann in his courses. I never had used any kind of CHARTS to identify the TREND. hens I never share CHARTS to illustrate my view. I like to keep things SHORT and to the POINt!

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2 thoughts on “$S&P;500; UPDATE”

  1. CYCLES are dynamic subject to cover sir,
    Just to start with,
    Can refer books written by sir gann the commodity course by him would be best.
    In case you dont have that plz connect me on whatsapp at 9687005180 I will share

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