Description
⋅ Have three possible SPX count scenarios:
1/ w5 LD of W3 completing then W4
2/ W4 FLAT running (ending B)
3/ w5.1 LD completing then w5.2
In all of them current upwards move is to be finished soon, then move down:
- wave C of W4 if running already
- wave A of W4 if to be started
- wave A of w5.2 if to be started
Up possible to 2138.78 (wave B of W4), most probably not over 1-3-5 line of LD (w5 or w5.1 of W3), sth. like 2155 and raising or 2184.
Shorting area 2138-2184 or sell stop below LD 2-4 line - 2080 and raising.
Target 1980, if previous ew2-4 line of W3 will be broken, then 1850 area, W4 target parallel to ew W1-W3 line.
And, of course, watching AAPL earnings, Apr NFP...