S&P 500

27 Mar 2018 ‚óŹ 06:08 AM

Yesterday I noted the S&P was oversold and not just on RSI but it appears the daily Sentiment index for the S&P and Nasdaq at the low was 10% bulls meaning 90% were bearish. This needs to cool off. In the meantime what looks like a 5 wave decline from the March top, does not fit so well on hourly charts and so I wonder if wave B is still forming or that prices can go much higher to the averages at 2700 or above that to the grey trendline of the two tops near 2777 before we resume our decent. Wait for the set up to complete till the low at 2585 is not broken.


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