SPX has an anticipated market top of 6650 (view our long term analysis below)
We can see that the ascending channel which the SPX is trading in has been respected since October 2022 (below idea)
Now that the equilibrium level has been broken, we would expect to see a test of the lower channel support trend line, which lines up nicely with previous structure, as well as a 38 Fib retracement on the most recent move. Multiple confluences strengthen the validity of a particular level and add weight to our decision.
Therefore, we will wait for the SPX to come down and test this level at around 5756 which could take another month. Sitting on our hands, being patient, waiting only for the most likely trades is the logical way to play.
Long term SPX:
We can see that the ascending channel which the SPX is trading in has been respected since October 2022 (below idea)
Now that the equilibrium level has been broken, we would expect to see a test of the lower channel support trend line, which lines up nicely with previous structure, as well as a 38 Fib retracement on the most recent move. Multiple confluences strengthen the validity of a particular level and add weight to our decision.
Therefore, we will wait for the SPX to come down and test this level at around 5756 which could take another month. Sitting on our hands, being patient, waiting only for the most likely trades is the logical way to play.
Long term SPX:
交易進行
Trade opened. 
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