Hello traders,
The S&P500 is in an early stage of 1-2-3 price pattern development after the correction we had for the past two weeks,
Fibonacci hit it right on the head regarding the level of correction and since then the S&P500 had developed a 1-2-3 price pattern,
Once the next higher high will form, our long term bull strategy will gradually enter bullish positions in SPY .
Our models predict a bullish run all the way to Jun-Jul. this is when the US elections will start to have a meaningful impact on the markets,
Trade Smartly,
Alon
