S&P 500

14 Jul 2019 ‚óŹ 12:12 PM

S&P - went past to new highs again. Looking back wave 4 was the triangle in 2018 and then the 5th wave top in Oct'18. Now sticking with that the best wave count is of an expanded flat. Wave A down was a-b-c and now wave B up is a-b-c. Wave B has an initial objective of 123.6% of A. However before that it faces the trendline of the previous two highs at 3032, above that the 123.6% level is at 3084. Rising stocks should continue for a while in the US and that could push down bonds and drive up US yields for a while.

snp 140719

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