SPX Roadmap Sep 2017

Atualizado
Resolution time window
Nota
Consensus speculative positioning/hedging finally bullishest of the year. Good precondition
Nota
Seems the triangle is a bit different but effect is same
Nota
Bears have capitulated across variety of metrics. Price action needs to confirm still
Nota
Very risky waters here
Nota
More and more likely action from mid June to end Aug is triangle Wave 4, so then currently should be some Wave 5 of lower degree
Nota
FED announced QT to begin Oct 2017. Just let me do a simple analogy: In 2014, FED stopped QE in Oct 2014, US Eco peaked in 1Q15 and SPX topped out in May/July 2015. Now, FED starts QT, US Eco is still accelerating but let's say it peaks in late 2017/early 2018, then SPX makes a major top in May 2018 at around 2700?
Nota
Will be interesting to see whether algos will raise SPX higher into 2520s by Q end (it is quarter end next week). I will be surprised if not, seems it is Wave 5 of 5 of 3
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Toiling, toiling for marginal/meaningless new highs, but time consuming
Nota
As expected, higher high into Q end
Trend Analysis

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