CapMoore
Long

Daily Study. AB=CD targets 1941

FX:SPX500   S&P 500 Index
194 0 1
The correction BC             matched the bottom of the longer TL
and index has since shot up and is now closing in on the
upper border. Right now index has halted by the Weeky
R1 and 1,272 ext of BC             swing. Next is Weekly R2 at
1890 and then the upper TL. 61,8 extension of the CD
leg worked as resistance and could become support
at 1863,7. Horizontal support at 1848.2. Final destiantion
for Pattern Completion is 1941. A sharper dip should be
supported by 1815-22 area. Since Index has reached the
61,8 of the CD leg, which is the minor target, theoretically
a reversal could happen from this current level. It is worth
noting.
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