SPX Just climbed 188d from oct14 and has climbed 16.3%.
This is actually the template rally in duration and price progress.
At extremes, the rally could bring to 19% over another 40days (5weeks)
As can be seen from this chart it would bring SPX at 2180 end of May15 for an academic perfect technical short ni perfect seasonality target. I think this would be too perfect (sorry for repeating myself)
Collapsing here without disturbing stops is also naive. A bull trap with a move to 2130ish is possible (wihout completion).
This is actually the template rally in duration and price progress.
At extremes, the rally could bring to 19% over another 40days (5weeks)
As can be seen from this chart it would bring SPX at 2180 end of May15 for an academic perfect technical short ni perfect seasonality target. I think this would be too perfect (sorry for repeating myself)
Collapsing here without disturbing stops is also naive. A bull trap with a move to 2130ish is possible (wihout completion).
