SPX Roadmap Update March 2018

Cập nhật
Crunch time coming
Ghi chú
At min closing the gap at 2850 following the template from 2015/2016
Ghi chú
SO basically next week SPX has to establish a higher low vs 2533
Ghi chú
Essentially if correct, currently SPX should be in impulsive Wave C of irregular flat that started at the Feb low
Ghi chú
In the grand scheme of things, P5 leaning to ED of which current wave could be start of Wave 2 down. I expect summer to be big down but for this next week needs to hold and start bouncing
Ghi chú
Fasten the seat belts one way or the other
Ghi chú
Good early start on the preferred scenario
Ghi chú
The most bullish scenario is a classic 4th Wave triangle above rising 55wma which could be underway also. That one will target above 3000, but for now lets focus on 2850
Ghi chú
Essentially 2 grand options: W2 in ED or W4 in impulse
Ghi chú
55wma is at 2540 now and rising a bit. This should serve as a support
Ghi chú
Final estimates of GDP at 2.6% YOY and Final sales to domestic purchasers at 2.9% all at cycle highs in 4Q17
Ghi chú
Seems to me another test at 2570/2580 needed
Ghi chú
Nope, seems truncation yesterday as Trannies appear to have bottomed. Triangle as W4 still not invalidated
Ghi chú
Make or break support at the 55wma
Trend Analysis

Bài đăng liên quan

Thông báo miễn trừ trách nhiệm