Loading ...$SPX – One Possible ST Bullish Scenario
As of now, could see $SPX rallying back up to ~ 2710, filling the o/s gap on the Chart 2, which would also be a backtest from below of the SMA 100/50
on chart 3. With respect to the latter MA’s, the two are converging and if that trend continues they will be close to one another in around 7-10 days.
This is *just* a possibility though.
Excellent JenkinsLane…Constantly juggling scenarios in my head trying to stay on the right side of the trade…
Jump markets, very jumpy.
No surprise to EW.
After an “endless” third wave.
You get a fourth.
Which typically alternates (in structure) with the second.
And if its a triangle … ding ding ding (with its catatonic style)
its also TELLING you that its the next to last move.
Embrace it.
If we’re really fortunate, we get further confirmation if 5 is an ED.
Thank you. I too see a rally happening. The one more low may not happen. Today, that little downward sloping Nasdaq parabola just broke to the upside.
Of the broads, $NDX & $COMPQ are the hottest. I think if you are only looking at those it will give you a overly bullish of US SM’s overall.
I’m also watching global markets (China 50, EM, Global ex-US, Euro, Japan, Germany & UK) and bonds (TLT, $MUT & JNK). It’s the longer term
charts for the bonds that are confirming to me that we’re heading for a 20%-30% fall across SM indices.
ditto…ditto…ditto
Thank you.