MCM_Creative_Technologies

Today's Market Structure Projections and Key Timing

FX:SPX500   S&P 500 index of US listed shares
There hasn't been much change in the outlook since last week, but the market has been doing a lot of racing without getting anywhere. We're still looking for a much larger correction to ensue as can be seen via the linked IT and LT             charts, but with every larger move, they take time to develop which frustrates all participants and ultimately has them wrong footed which creates the imbalance for the move. There is potential for more up to 2120 zone as the double retrace mentioned a couple weeks ago as a result of the extended fifth wave (magenta 5) could still be playing out so caution is warranted if one is hunting for shorts. Good luck today and profitable trading. Below is the link for key timing and projections.

http://mcm-ct.com/blog/intraday-projections-now-everyone-is-confused/

If you have any questions about our analysis or any of our analysis systems, contact me at any time at john@mcm-ct.com

timwest PRO
a year ago
Would you outline a trade with stops, targets and entry levels?
Reply
MCM_Creative_Technologies timwest
a year ago
Sure Tim. I can put that together. Thanks for the feedback. :)
Reply
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