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CURRENT MARKET TREND: Up 5/27/16 @ 2090
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Monday, April 28, 2014

Most Probable SP-500 Path


I still have the above chart as the most probable path for the SP-500 the coming years. One thing to watch: The Monthly ADX is above 40, a drop below 40 will issue a longer term sell signal. I will also be watching for a rollover from this indicator.

2 comments:

  1. Hi,
    Is SPX due for correction or going way up ? Bit confused . Please update. Also I see something weird. Both FB and SPX moving in tandem.

    FB completing correction and due for more down I guess.

    thx

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  2. Both. SPX is due for a correction, which would be white wave iv on the chart. There are currently two fib confluences to watch, one at 1715 and one at 1600.

    1715 area: wave iv = .236*iii, wave iv = .618*ii also contains the previous fourth wave

    1600 area: wave iv = .382*iii, wave iv =1*ii

    We should turn up again near one of those levels.

    Hope that helps.

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