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Neon
May 12, 2017 1:07 PM

SPX LT View May 2017 

S&P 500 IndexTVC

Description

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

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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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