Mentorship

Mentorship

S&P

3 Jun 2014 ‚óŹ 04:24 AM

 The US market is moving more slowly than in the past. In April I posted a potential wedge development on the S&P but with the slow advance prices are still pushing to the upper line which has moved up to 1932. 1932 is also 138.2% of the 2008 bear market the usual approx limit for irregular tops. So 1932 should be an important level for the S&P as it progresses. The rally from April also appears as A-B-C because of the clear B wave triangle pattern. Wave C is already in wave v, which should be the last leg of this set up. So lets watch the US the next few days for a potential trend reversal.

snp030614

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