FIBOCALL: The SPX-cash long term view
We are continuing to looking for new highs with our overshoot level @ 3081.17
In December 2018 we had a hard move lower that held the rising 50 Month Moving Average
In January-February 2019 the SPX-cash tested the 20 MMA and closed above.
A re-test of the 20 MMA came in May and June and CLOSED above again.
The SPX-cash has the 10 MMA @ 2813 holding with the August low @ 2822 so far with the 200 DMA @ 2802
Time will tell, but I think we re-test the 3027.98 high with 3081 as our target level.
SPX-cash monthly chart
(Click on image to enlarge)


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