Neon

SPX LT View May 2017

Neon Updated   
TVC:SPX   S&P 500 Index
8
P5 Impulse as I have P5 ED already
Comment:
Ok, so we have US eco accelerating, EPS accelerating, low rates, lower USD, housing up, cheap gas. This is called Goldilocks for those that do not know!
Comment:
Slightly lowering the summer target to 2465/2479
Comment:
Oil is down which supports the notion this is still Wave 3
Comment:
On another note 2.61 FIB extension off the Feb 2016 low and Nov 2015 high is 2611
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