The SPX-Cash Looking For New Highs To Come

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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