Correction not overdue yet...
Quote:
Originally Posted by
ananda77
........the SPX 500 *1228 level represents the 61.8% retracement fom the March 2009 Low and this level may act as the starting point for an overdue correction
...however, would not be surprised one bit to see the index power higher into the current *1233/ultimate *1272 range by month end
Kind Regards
Using TA Targeting the next Cyclic Bull Market correction due point is 1330.
Yes this is simple science but from history, cyclic bull market corrections tend to occur in an orderly fashion....occasionally one gets caught out... as what happened over the Xmas 2009 with the All Ords when a bull trap created a double dip correction but these are rare occurrences.
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