SPX Hourly 2021-01-19
For the bulls.
With today's bounce off the lower-bound of the pitchfork, this count shows we're going to rip for at least the next 1.5 weeks if we conservatively target the 1.0 fib extension.
If we break past 3912 without a correction, then we can expect to uptrend until 4014 before we get a correction.
Start de-risking in the 3900-4000 range. Save some cash for a possible dip to 3600.
Long-term we're still in the middle of a super-cycle for at least 6-8months
With today's bounce off the lower-bound of the pitchfork, this count shows we're going to rip for at least the next 1.5 weeks if we conservatively target the 1.0 fib extension.
If we break past 3912 without a correction, then we can expect to uptrend until 4014 before we get a correction.
Start de-risking in the 3900-4000 range. Save some cash for a possible dip to 3600.
Long-term we're still in the middle of a super-cycle for at least 6-8months
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