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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
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* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...please read my full Disclaimer at this link.

Dots

* If the dots don't connect, gather more dots until they do...or, just follow the $$$...

Fall Cabin

Fall Cabin

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Monday, January 24, 2022

SPX: The Blowoff Phase Has Begun

Further to my post of December 6, 2021 on the SPX, the "Blowoff Phase" has begun, as shown on the monthly chart below. 

At the time of writing this post, today's low is 4221.54, which is January's low, so far, and is roughly a 12.4% correction from its all-time high of 4817.88, set during the first week of January.

Please refer to my subsequent posts here, here, herehere, and here for further insights, as well as price targets and support/resistance levels.

By the way, the channel "mean" is just below the S2 pivot level of 3266 mentioned in my January 1, 2022 post...a target/major support level.