SPX500 prices fell by 10%…
US SPX 500 OANDA:SPX500USD
The exchange rate is currently in the correction phase. We expect a further 10% downward movement from the current level. However, in the longer term, a repeat increase is expected. Initially with stronger volatility . The exchange rate correction level may be around 2560usd. In practice, we expect this second test. If the theory is correct, assuming an initial higher volatility , a multi-month sustained increase is assumed. Up to 54% of the 2560usd correction level is used to select our long-term target price.