If SP500 3072 falls similar to Jan-Mar 2018, then we should see a bounce from 3000 to 3300. Then retest the low in April followed by an up leg in the second half to a peak at 3500 by November 2020 election. Downside risk is 13% on a break below 3000 to fill the gap at 2949.
If the pullback is like Oct-Dec 2018, then there will be a short term bounce to 3180 and downside will happen at 2850. After that the market should try to recover to 3180. Subsequent failure will send the market down to 2550 for a total fall of 25%.
If Nasdaq 8981 falls similar to Jan-Mar 2018, then we should see a bounce from 8500 to 9800. Then retest the low in April followed by an up leg in the second half to a peak at 10250 by November 2020 election. Downside risk is 14%
If the pullback is like Oct-Dec 2018, then there will be a short term bounce to 8900 and downside will happen at 8250. After that the market should try to recover to 9000. Subsequent failure will send the market down to 7250 for a total fall of 26%.
If the pullback is like Oct-Dec 2018, then there will be a short term bounce to 3180 and downside will happen at 2850. After that the market should try to recover to 3180. Subsequent failure will send the market down to 2550 for a total fall of 25%.
If Nasdaq 8981 falls similar to Jan-Mar 2018, then we should see a bounce from 8500 to 9800. Then retest the low in April followed by an up leg in the second half to a peak at 10250 by November 2020 election. Downside risk is 14%
If the pullback is like Oct-Dec 2018, then there will be a short term bounce to 8900 and downside will happen at 8250. After that the market should try to recover to 9000. Subsequent failure will send the market down to 7250 for a total fall of 26%.
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