Fear not .. believe in what you see -- But on spx500 it's just confusion if u see....up down up down ....downup ...the only thing clear about it is in between contracting triangles on weekly/monthly charts and most probably wave 5 in play .....apart from this it is just i don't know !!!
I'll will expect a retarce target 1 coming in at a 38.2 and a target 2 at 61.8... let's see what happens. Bulls back at 2100 .... might only give a 38.2 retrace and the further up for the 2138 target... Time will tell
It was what I meant. 2015 has been nothing but distribution. Regularly used ma's are catching up now and will soon not offer the support it once gave.
I do expect something very bearish happen soon. 2138 might be the Blow off top I saw 4 month ago: