Friday, November 7, 2014

SPX Major 5 wave update

  • SPX: In minor 5 of intermediate 1 of Major 5 of Primary 3. Resistances around 2042 for end of intermediate 1 wave.  Long term trendline resistance around 2070. 
  • If intermediate 1 tops around 2040, minor 2 correction targets are around 1930-1905 (50%-61.8% retracement). As per trendlines, 11/07, 11/10 and 11/11 this intermediate 1 should end. Short ONLY after confirmation.
  • 3 gaps left to be filled between 1900 to 2000. 


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