S&P 500 – long and short, or longer long?
Hello everyone,
Similar to the movements of the dow, we now most likely will see the S&P 500 waving up (turning point: green box).
The question is: how much points will the SPX make? I think we have to decide later, if we will see a new all-time high or a massive sell-off down to complete wave 4 at 2.200 points (for further information, please check links below). The Decision point could be my yellow box in the chart. I still prefer a final sell-off, but this could change, if the SPX will built an impulsive structure up – if so, a new all-time high will be more likely.
Updates will follow…
Don’t hesitate to contact me, if you have any questions or other ideas!
Take care,
tgo
Similar to the movements of the dow, we now most likely will see the S&P 500 waving up (turning point: green box).
The question is: how much points will the SPX make? I think we have to decide later, if we will see a new all-time high or a massive sell-off down to complete wave 4 at 2.200 points (for further information, please check links below). The Decision point could be my yellow box in the chart. I still prefer a final sell-off, but this could change, if the SPX will built an impulsive structure up – if so, a new all-time high will be more likely.
Updates will follow…
Don’t hesitate to contact me, if you have any questions or other ideas!
Take care,
tgo
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