SPX Index Forecast update October 27 2021

SPX October 27

The SPX Index has hit the upper edge of our unconfirmed trend line and it now “wedged” between it and our confirmed trend line. Should the S&P 500 fall below the confirmed trend line we believe this is a good opportunity to go long as “long” as the Index remains in the “potential” channel.

We are now in a position to modify our short entry zone – levels and timings. Please see the chart below.

SPX October 27
S&P 500 Forecast Update October 27 2021

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