markrivest
Long

Progress of SPX Minor Wave 5 - 5/6/17

TVC:SPX   S&P 500 Index
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The SPX appears to be on track to hit major Fibonacci coordinates in the area of SPX 2450-2460. Please see my prior SPX posts.
There is a Fibonacci time target of 5/8/17 as a potential turn date.
Fibonacci price coordinates are more reliable than time coordinates.
It is doubtful the SPX could reach the 2450-2460 area on 5/8/17, if the price target is hit it is more likely come later in the week.
Based on how fast the SPX has recently been making 50 - 60 points of upside progress, 5/11/17 looks like a probable date the SPX could hit 2450-2460.
5/11/17 is one day after a full moon .


Watch for SPX peak at 2450-2460 on 5/11/17.
This could be a major turn with the potential top holding for many years.


Mark
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