SPX In a 15 Plus Year Range Same Set Up as 1962-1980

I would like to scratch all my previous ideas as I finally see what SP500 is trying to do. We are most likely going to be in a 15 year range with huge ups and downs similar to 1962-1980.

If this is correct, then the next top will be at 5750 followed by a huge sell off.

Followed by a huge rally to 6600 and an even bigger dump.

It looks to me like the top of 2022 was the half way point in the range with the other half expanded up to 6800.

If this is correct, which I could be totally wrong but then 2024 would be a green up year with 2025 as the start of the next sell off.

History repeats itself and I believe that this is what is in store.

Compare the two time periods and notice the striking similarities

Kommentera:

Kommentera:

1967 set up occurring now

Kommentera:

Using the same 5% stop loss on the entry on the green line followed by the 20% target of 5100. I expect it to pullback to the weekly 200sma for the even better entry. I will be taking both entries

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Daily set up back in 1967
same as today

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Today's set up in 2023 same as back in 1967

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My entry long on today's set up in 2023 will be the same, a fat green bar that closes back up inside of the green line

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So far everything is going to plan

A green day suspended above the green line followed by a red day.

Looks like next two days will be red followed by green followed by two more red days

Kommentera:

Massive 1000-point Opportunity up to 5300 off of this pullback