Manticore_Investments

Update SP; Still going down!

Short
SP:SPX   S&P 500 Index
SP for now unchanged from the main analysis. Still the target is 2700-2000 with an emphasis on around 2000.

I see the current increases as a correction in the downtrend. I currently have four stop levels:
Now, 3940, which is the old range of wave N, largest wave in the entire decline;
  • 4040 – the second range of wave N of the current increases;
  • 4137 – KIJUN W1; very strong resistance.
  • 4220-4270 – the third and fourth ranges of wave N; TENKAN MN1 and the cloud on W1.

At each of the levels I will try to take a position – if I am not on any other indices – after confirmation from the lower intervals.
The level I am most interested in is 3, except that I don't want to succumb to the 'best level' emotion so as not to miss the opportunity.

Focus and patience. GOOD LUCK!

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