In 1980, it took 18 days from Friday before elections to make the swing high, so by analog comes next week
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Spot on
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Distributive phase has started yet again
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ahmetnmsl
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Hello.whst s your final up target ? Thanks
Neon
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@ahmetnmsl, I think we have entered distribution so any potential higher high (>2214) will be marginal
ahmetnmsl
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@Neon, hello.thanks for the answer but distribution phase means corrective/shorting phase ? Sorry for the lack of knowledge.
Neon
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@ahmetnmsl, Distribution means rangebound before decline. But range could be large (could make marginal new high) so if one is short term (day to day trader) could still make money. Bulls energy in my mind has been largely spent short term
ahmetnmsl
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@Neon, Thanks. in your chart above, C point nearly corresponds about 2222, right ?
Neon
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@ahmetnmsl, Actually is a range between 2213 to 2230, so lower bound has been achieved as 2214 is the current high