The SPX appears to be near completion of an Impulse wave up from the 03/25/19 - 2785 bottom.
Late on 4/26/19 the SPX appears to have completed an Elliott wave Horizontal Triangle, if so the rally into the close is probably
the early part of a post triangle thrust up. There are Fibonacci resistance points in the 2947 to 2955 area.
There's a high probability the SPX will start 4/29/19 with a sharp burst up to 2947 - 2955 zone and then decline.
Note there are already significant RSI an MACD bearish divergence. Watch to see if these continue on the 30 minute and other time scales.
If a top forms on 4/29/19 its way too early to call it a significant top. Bears please wait for more evidence before going orgasmic and shorting like crazy.
On a separate subject, I've seen Marvel's "Avengers Endgame" this is the 22nd and final movie in a multi - movie project that began in 2008 with "Iron Man"
"Avengers Endgame" is fantastic! The best out of the 22 movies which is amazing because the prior 21 movies were all great!
If you haven't seen any of the prior Marvel movies, don't let that hold you back from watching "Avengers Endgame" all 22 movies have stand alone plot lines that can be easily understood without any knowledge of the other movies.
Marvel's 10-year 22 movie project is unprecedent in cinema history, an incredible achievement!
I strongly recommend seeing "Avengers Endgame".
Mark
Late on 4/26/19 the SPX appears to have completed an Elliott wave Horizontal Triangle, if so the rally into the close is probably
the early part of a post triangle thrust up. There are Fibonacci resistance points in the 2947 to 2955 area.
There's a high probability the SPX will start 4/29/19 with a sharp burst up to 2947 - 2955 zone and then decline.
Note there are already significant RSI an MACD bearish divergence. Watch to see if these continue on the 30 minute and other time scales.
If a top forms on 4/29/19 its way too early to call it a significant top. Bears please wait for more evidence before going orgasmic and shorting like crazy.
On a separate subject, I've seen Marvel's "Avengers Endgame" this is the 22nd and final movie in a multi - movie project that began in 2008 with "Iron Man"
"Avengers Endgame" is fantastic! The best out of the 22 movies which is amazing because the prior 21 movies were all great!
If you haven't seen any of the prior Marvel movies, don't let that hold you back from watching "Avengers Endgame" all 22 movies have stand alone plot lines that can be easily understood without any knowledge of the other movies.
Marvel's 10-year 22 movie project is unprecedent in cinema history, an incredible achievement!
I strongly recommend seeing "Avengers Endgame".
Mark