Loading ...$NYA + S&P Update
As I was posting in May and June, the underlying strength in broader stocks, not just Dow and S&P, have been supporting this move to higher highs for some time now.
The bullish broadening pattern in the S&P I identified in May is playing out as expected.
Near term the S&P just hit my Wolfe Wave target identified at S&P 2000. Some pullback from here is expected.
Added for Ranchida – NYA Wolfe Wave scenario I’ve been watching since 9/2015
Interesting, thanks. I have an EW count that suggests we move down now to 1960 on the Sept 1 Bradley date then up to 2260. After that a much larger correction before the really big take off next year.
That matches a Wolfe Wave scenario I was looking at back in Sept 2015 and re-posted in April 2016. I will add the chart to the main post. Certainly another scenario to watch for.
BTW are you still in JDST? I’m holding a small amount but will sell into any rally now.
Yes, still holding my DUST and JDST positions over the past 2 weeks.