MAR
Long

$SPX: Alternative,bullish count. Target 1,400

INDEX:SPX   S&P 500 Index
401 6 2
This is a possible alternative count that favors the odds to a last push up to 1,400 (+/-).
We like this alternative because, it not only respects our Elliott waves ( retracement & fan lines) and fibonacci analysis, but also respect the Head and shoulder, neckline and pullback target, develop in-between February and April and, now, we are using a new(for us) tool as Pitchfork lines, that is also based on fibonacci( for us fibonacci is king). With this last tool, we are detecting that price is loosing momentum , because price can't surpass the 50% line and has found support at is low range so, a last push to the 38.2% line is due and, IF we are correct all the odds are alignment.
dimes
4 years ago
That is the same scenario I am waiting to play out... The long term triangle playing out is keeping my gun powder dry until the right time
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