SPX Roadmap May 2017

11 thg 5, 2017

Seems ED is a possibility in this final upleg into the summer

12 thg 5, 2017

Ghi chú

Triangle is a bit ugly but does not matter as long as it forms properly

13 thg 5, 2017

Ghi chú

This whole thing could still play out as a flat meaning could form as irregular flat or running flat. In any way higher highs will follow, the questions is one more downleg to 2300 or higher low as in 2360s?

13 thg 5, 2017

Ghi chú

Actually flat looks better since will provide alternation which means next week we top out and then sharp decline. Let's see

14 thg 5, 2017

Ghi chú

Actually could be a larger triangle also. Ahm these 4th wave. Next wave down will decide, if impulsive or corrective what it is

15 thg 5, 2017

Ghi chú

Triangle should be close to completing on futures

15 thg 5, 2017

Ghi chú

Complete, lets see whether 2420 is at hand

17 thg 5, 2017

Ghi chú

ED forming on a lower level seems to me if it breaks below 2380

17 thg 5, 2017

Ghi chú

So far holding the line at 2380, what a complication

17 thg 5, 2017

Ghi chú

OK, so it was not a triangle as it seems to me is come form of corrective wave down on a micro level

17 thg 5, 2017

Ghi chú

Momentum spike on the downside, implying worst is over, At worst a marginal new low should be followed by a new ATH

19 thg 5, 2017

Ghi chú

Following the general shape so far. Lets' see

19 thg 5, 2017

Ghi chú

Closed above the 55 dma and good weekly candle bounced off the 20 wma within the BB. So far so good

19 thg 5, 2017

Ghi chú

Just released CFTC spec net long positioning is neutral, has been cut down significantly. Bullish

22 thg 5, 2017

Ghi chú

Slightly lowering summer target to 2465/2479

26 thg 5, 2017

Ghi chú

2nd estimate GDP ticks up to 2% YOY. Goldilocks everywhere. Ongoing acceleration from the bottom in 2Q16