SP500 Fut - Possible path for 5 months
Strong assumption that keeps being verified: the red line shall remain unbroken (it is climbing 1% per month and will be trading at 10,000 in 2028)
2150: important Fibonacci Target (rally 09/15 = 161.8% x correction 07/09)
Without breaching the line, SPX can reach 2150 no earlier than April15.
But there shall be corrections before.
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The price dynamics shown for the next 5 months is a reproduction of what happened from May 2007 which fits well here.
To start with, SPX may have high oscillations from 1980 to 2110 which may last until the 20th of January 2015.
Then, a large correction could bring close to oct14 bottom before to do a marginal top at 2140/2160 in April15.
Alternative scenario: SPX corrects without breaching 1900 and climbs to 2220 in July15.
Next few days Trading: if 1980, unwind shorts and reshort 2088/2110.
2150: important Fibonacci Target (rally 09/15 = 161.8% x correction 07/09)
Without breaching the line, SPX can reach 2150 no earlier than April15.
But there shall be corrections before.
******************************************************************************************************************
The price dynamics shown for the next 5 months is a reproduction of what happened from May 2007 which fits well here.
To start with, SPX may have high oscillations from 1980 to 2110 which may last until the 20th of January 2015.
Then, a large correction could bring close to oct14 bottom before to do a marginal top at 2140/2160 in April15.
Alternative scenario: SPX corrects without breaching 1900 and climbs to 2220 in July15.
Next few days Trading: if 1980, unwind shorts and reshort 2088/2110.