The SP500 is trading sideways for a month now and still in uptrend towards breaching 2309.
If supports will hold SP500 up TradingEcology does expect an up wave towards 2340 area. This level will be very hot since 2350 is on 180 degrees and 2340 is on 135 degrees.
Squaring 48.381 will give 2340 level in the SP500, and if we double the ratio we project an important into April 2017.
Feel free to contact TradingEcology to discuss markets.
If supports will hold SP500 up TradingEcology does expect an up wave towards 2340 area. This level will be very hot since 2350 is on 180 degrees and 2340 is on 135 degrees.
Squaring 48.381 will give 2340 level in the SP500, and if we double the ratio we project an important into April 2017.
Feel free to contact TradingEcology to discuss markets.