The adjustment:
- Given the rally in Europe that shall mark a new significant top before year end, it is likely that the flatness in sp500 will last a bit longer until 2016.
Fact:
- The 2009 Rally Cone is still intact.
My views/conclusions:
- The top bold grey line shall retain the market.
- By induction, the cone shall be broken soon.
- 1900 will probably retain for a while (that still provides a 10% correction)
- 2200 should retain end of this summer.
- The amplitude of the moves could narrow down until Feb16 (the market being supported until then).
- Given the rally in Europe that shall mark a new significant top before year end, it is likely that the flatness in sp500 will last a bit longer until 2016.
Fact:
- The 2009 Rally Cone is still intact.
My views/conclusions:
- The top bold grey line shall retain the market.
- By induction, the cone shall be broken soon.
- 1900 will probably retain for a while (that still provides a 10% correction)
- 2200 should retain end of this summer.
- The amplitude of the moves could narrow down until Feb16 (the market being supported until then).
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