Long Term Targets

If I were An EWT trader, you get ABC corrections, The A leg and C leg tend to be the same legnth... that gives a Target of 98(this isn't going to happen), Also you have what some will see as and Inverse Head and shoulders, I could flip a coin about the validity of that call. But traders will and have seen it, And the target is 1000SPX, The 200 DMA which bear market rallies "Tend to Find as Resistance" is ..... Yes you guessed it Up at about 1000SPX.

One could say that the volume has been Weak... and that shows a Fading trend, BUT it's been a vacation Week.

Ok... For the record it's a fools game to Predict.

Cobra has been doing a "Technical read" in the short term, long term and Intermediate.


Short term based on the sentiment Chart? ... Euphoria.
Beyond this, you are going to have to answer these for yourslef?
I'll stick to Didactics.
But ask yourself:

"Where are we in the Intermediate Term?"
and
"Where are we in the Long Term?"