S+P 500 breakout on 9/20'18 is significant,
because it opens the door to a much higher price targets of S+P 3042.79.
Upside Projection can be measured by connecting the 4 Hour High on 6/11/18,
with the 4 Hour High of 8/29/18 at 2916.50,and drawing Trend Line Out to 3042.79 destination.
I just verified this trend line today, after the breakout to all time highs this morning.
Mark Rivest, Tradingview.com contributor has long had a S+P 500 target using his proprietary Elliot Wave Analysis of S+P 3050.
THE_UNWIND
because it opens the door to a much higher price targets of S+P 3042.79.
Upside Projection can be measured by connecting the 4 Hour High on 6/11/18,
with the 4 Hour High of 8/29/18 at 2916.50,and drawing Trend Line Out to 3042.79 destination.
I just verified this trend line today, after the breakout to all time highs this morning.
Mark Rivest, Tradingview.com contributor has long had a S+P 500 target using his proprietary Elliot Wave Analysis of S+P 3050.
THE_UNWIND
That number is now significant Support
and I will have more about it's significance in a future post.
THE_UNWIND