gLloW
Long

S&P reversal to new highs soon.

FX:SPX500   S&P 500 index of US listed shares
392 2 7
5 months ago
Notes on the chart. For a long time I thought a big correction was imminent, but I now think this market is ready to move up to the next level.
5 months ago
Comment: I think there will still be a pullback to the trend line that I drew, which also is he .618 fib retracement at 2066. The waves also look like they need a little pullback, but not going lower, this will create some nice bullish divergence and we should be ready to go tomorrow (7/7/16)
5 months ago
Comment:
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5 months ago
Comment: the last chart was incorrect. I have updated with with two buy target points.
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5 months ago
Comment: The Daily Center of Gravity just broke above it's upper trend line that has held for the last 10 months.
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PhilippeRitchot
5 months ago
Hi! Why do you think the price will plummet before reaching new highs? Because it hasn't broken resistance?

Thanks a lot! :D
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gLloW PRO PhilippeRitchot
5 months ago
the last chart was wrong, I've added a new one. As for why there will be further decline, the 1hr COG and Money FLow have broken trends and the 2hr COG is close to.. I think this will cause the pullback.
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