Showing posts with label time for C-down. Show all posts
Showing posts with label time for C-down. Show all posts

Tuesday, July 28, 2020

If we lose this channel

Where do we go next?

Chicago 1979

Here's the channel; we closed outside it today, with a Fed meeting tomorrow to keep things interesting.

S&P 500 hourly, LOG scale

Once we are back inside the giant pink megaphone, I don't think it will take much to trip us up and drop us back to 2140 on the S&P 500 for 1 of C down.

S&P 500 suggesting C is close

3 of C is a September-October affair, targeting the 1000 level, kicking off right after Labor Day.