@allenreminickmarketforecast

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Avg. Quality

69

Success Rate

50.00

Analysis

2
Correct
1
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1
Pending
0
Ineffective
0
Total Quality
Score
If You Had Traded on This Analysis…
Fail
SPX
Long Entry 6,786.7600 2025-11-05 10:30 UTC
Target 7,600.0000 Fail 6,630.0000 In 2 Weeks
Risk/Reward 1 : 5
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Final PnL
-2.31%
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SPX
Fail
Stocks
Technical
1H
Analysis Predict Bull Market
The analysis suggests the S&P market is likely to go higher, potentially until early December or early January, then possibly dip next January. It hit the 6800 level today, filling the gap, which was a support level. Resistance may be found at the upper channel around 6950 to 7000, whereas the lower channel is at 6630, expecting to reach 6680 by November 13. The recommendation expects follow through to around the 10th of November. Overall it indicates the market should move up strongly till Thanksgiving and early December, with potential for lightening positions around December 2nd-4th. The longer term, till next April or May, the target is 7600. The cycle they're observing features 40 cycles, 10 of them tracking the market. They have weight mechanics indicating it's overall bullish, in support of upward momentum. Gaan’s rule suggests to get out of the current upwards trend bubble, there should be a 1400 point decline (from 8000 for instance).
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