Saturday, October 1, 2022

downturn might last 2 weeks

 On 9/30, I dropped the target to 30800 and if wrong, to 27,500. On 9/21, the index dropped after the FED meeting so I'm lowering my target to 32,000 and if wrong, to 29,200. New expiration: 10/15/2022. On 9/15, I lowered the target to 32500 and if wrong, 30,400. New expiration: 10/01/2022. On 8/31, new target 33000 and if wrong, 31000. New expiration: 09/15/2022. On 8/10, the index hit my target so I'm raising it to 34,500 and if wrong, 31,850. New expiration: 09/01/2022. On 7/28, I adjusted the target to 33,300 and if wrong, 31400. New expiration: 08/15/2022. On 7/21, the index hit my target so I raised then to 32,800, and if wrong, to 30,800. On 7/13, I adjusted the target to 32,000 and if wrong, 29,600. I expect the index to make a second bottom before heading higher. If that happens, we won't meet the 32k target. The


downturn might last 2 weeks before it's done. New expiration: 08/01/2022.

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