OLED has been consolidate for the last three and a half years. With the Samsung's long term contract, and the recent LG's seven year contract, one would ask if we will soon hear AAPL on board with Apple Watch and iPhone 7. Technically the chart is showing a possible end of the long-term consolidation between $22 and $40, with a higher-low. Now is watch if we will...
After three-months of consolidation since Nov., 2014, SPX is breaking to the upside. The textbook target for the breakout is 2189, likely to be reached by end of Apr.
The market has been following EW principle perfectly so far since Mar. 2009 bottom. The above count predictions is based on my fib ratio analysis.
If this count is correct 2014 will be a "running flat" year where it could end close to where the year started.
And it looks that the big trouble will be in or around the year of 2017.
