SPX500 BREAKS ABOVE 4046 AND TARGETS 4243
As mentioned in my last post. 4046 has been broken to the upside and held for 2 days triggering a buy signal on 260123 to target the week pivot at 4243.
The medium term downtrend since 140222 last year is still intact and stays well below the ichimoku cloud on the weekly charts.
A break of 4243 to the upside will break the medium-term downtrend and target the all time highs on the monthly charts at 4996.
LONG TERM PULLBACK SINCE 010622
MEDIUM TERM DOWNTREND SINCE 140222
SHORT TERM UPTREND SINCE 260123
PIVOT 3881
Long positions above 3881 for 4243 and 4996
Short positions below 3881 for 3167 and 2842
The medium term downtrend since 140222 last year is still intact and stays well below the ichimoku cloud on the weekly charts.
A break of 4243 to the upside will break the medium-term downtrend and target the all time highs on the monthly charts at 4996.
LONG TERM PULLBACK SINCE 010622
MEDIUM TERM DOWNTREND SINCE 140222
SHORT TERM UPTREND SINCE 260123
PIVOT 3881
Long positions above 3881 for 4243 and 4996
Short positions below 3881 for 3167 and 2842
Quant Strategic Singapore
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