
If these levels hold this week, we are free to send it higher afterwards without needing to weaken the structure and delever the system further. The very important levels to pay attention to are 80/81 to the upside, and if it fails here we’re eyeing 71/73, which is the trend reversal point we flipped in August. Either way patience I would say,since October came with bearish volatility ahead of the midterms. I still lean towards a bounce back up in November into early/mid December, after which we would experience a larger correction, not like the ones we have right now of only 12% or -8% in September.
