SPX - Path For Seasonality - Midterms
ES Linear Mode Daily
So far the S&P is tracing out a pattern consistent with my expectations. I look for continued volatility through the election time period and a more sustained advance thereafter through the end of the year. After that advance comes the downdraft. See my link to previous posts on longer term outlook.
This chart depicts my idea for the near term road ahead. Continued corrective waves consistent with the characteristics of a B wave.
The stacked long term forks should contain prices through this B wave corrective pattern culminating in a move back to the median line.
Near term the path is up, although possibility for another nominal low exists.
So far the S&P is tracing out a pattern consistent with my expectations. I look for continued volatility through the election time period and a more sustained advance thereafter through the end of the year. After that advance comes the downdraft. See my link to previous posts on longer term outlook.
This chart depicts my idea for the near term road ahead. Continued corrective waves consistent with the characteristics of a B wave.
The stacked long term forks should contain prices through this B wave corrective pattern culminating in a move back to the median line.
Near term the path is up, although possibility for another nominal low exists.
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Now What?
We should know by next week the intermediate term picture
We should know by next week the intermediate term picture
