CoinedByCrypto

SP from a weekly pespective...Lines adding up !

SP:SPX   S&P 500 Index
3
An updated weekly chart on the SP500 showing the market symetri. The a-b-c move could set the top here at 1666,39 where the fib ratio is 200. However ... The SP500 is in an parabolic move up right now and could extend with a 5th wave up so that the summer will bring a wave 4 down ..possibly as an pennant and at the same time working off some of it's overboughtness. Late summer could then bring a 5th wave to 1694 where you see the dashed black line comes in and crosses the Andrew pitchfork median line and extra purpledashed perallel line. The date of this junction is funny enough the the 9th of march 2015

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.