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Kupitman

LONG Buy with stop @2,935 and target @3,400

Long
S&P 500 Index (OANDA:SPX500USD)  
Kupitman Updated   
OANDA:SPX500USD   S&P 500 Index
Wave Analysis
10
6
waveanalysis
Despite the news the last week move has a corrective structure, definitely not a motive wave. Buy in with 3,400 target where a new down trend will start.
Comment:
Grinding up, but looks heavy. It may turn around at 3150-3160 and go all way down towards 2935 in order to start a proper wave to 3,400 from there. WTI seems to be in corrective pattern as well. So don't be surprised it it start to fall sharply.

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Kupitman
S&P to go higher towards 3,400 level
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