Potential SPX Long in the future
US Economy is getting its ass handed and the US media is making the situation worse. For the past 5 months, the 1800-1850 level has constantly been tested. If the support fails through, my next support level is the 1558 level, which is the 38.2% Pullback. 1558 level was the previous resistance for 2000 Bubble and 2008 Great Recession. So, it is the classic Resistance turned Support. In terms of indexes, I am contrarian. I anticipate holding this position for decades.
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