US stocks are seasonally bullish until early May. Time is running out for the bulls.
Major SPX resistance is at 3047. Today 4/17/19 SPX hit 2918 within 100 points of the leeway zone for 3047. Space is running out.
Toady the SPX opened at 2918 then dropped sharply. Its now possible to count three Intermediate degree waves up from the 12/26/18 bottom if so the SPX is now probably
in Intermediate degree (4). Wave fours are usually shallow and retrace to the fourth wave of one lower degree, this is around 2880. The supposed Intermediate degree wave (2) only lasted a few days. The supposed wave (4) could be concluded by 4/18/19 or 4/22/19.
Mark
Major SPX resistance is at 3047. Today 4/17/19 SPX hit 2918 within 100 points of the leeway zone for 3047. Space is running out.
Toady the SPX opened at 2918 then dropped sharply. Its now possible to count three Intermediate degree waves up from the 12/26/18 bottom if so the SPX is now probably
in Intermediate degree (4). Wave fours are usually shallow and retrace to the fourth wave of one lower degree, this is around 2880. The supposed Intermediate degree wave (2) only lasted a few days. The supposed wave (4) could be concluded by 4/18/19 or 4/22/19.
Mark