Weekly update, 24.03.2018. SPX, DOW

Weekly update on the major US equity markets using the Dow Jones E-mini futures index.

Stay tuned! There should be more to come


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Comment:

And that is really interesting! If we suppose that the second leg of a higher degree correction ahs already started, the projected target matches to the projected target of a lower degree correction. Therefore, we could have started a major drop already which should end up somewhere at 2460-2420 zone

Comment:

Remember a Daily 200 SMA on YM1 and a reversal cluster around it? Well, looks like it is still on a desk. Daily MACD already shows bullish divergence so we can easily head to new highs from here. Careful with the shorts! I have no swing positions for now, trying to get something intraday...

Trade active:

Will the 200 Daily moving average resist?..