SPX going according to the plans.
Everything is going as planned here, so I maintain my previous perspective. After the Dark Cloud Cover it will probably seek the previous top at 2,641.4 (orange line). When it reaches there, I expect two different scenarios:
Scenario 1: SPX goes to the orange line (previous top region) and does a bullish pattern. Then it might have the strength to break the blue line and seek the green line, or even close the green gap (but I think this is too optimistic).
Scenario 2: It goes straight down or starts doing lower tops and bottoms. Then I would think the bulls are losing strength and SPX could break down the pink line and seek at least the red line.
Either way, it will not be as easy (or fast) as I would like it to be, and the market may ramble a little, so we must be patient and psychologically prepared.
Scenario 1: SPX goes to the orange line (previous top region) and does a bullish pattern. Then it might have the strength to break the blue line and seek the green line, or even close the green gap (but I think this is too optimistic).
Scenario 2: It goes straight down or starts doing lower tops and bottoms. Then I would think the bulls are losing strength and SPX could break down the pink line and seek at least the red line.
Either way, it will not be as easy (or fast) as I would like it to be, and the market may ramble a little, so we must be patient and psychologically prepared.
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