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S&P 500 Index

SPX Cash Analysis

By maikisch
We're now getting a confirming signal that last week's top was at least a local top. Primary analysis (in Blue) however, because we did not make a new high in the SPX like the DJIA and NDX, the black (B) wave count is a valid EWT count. I do not favor the black pathway mainly due to our MACD signal, the other major indices hitting new highs, and lastly the price action I have as of today.

Best to all,

Chris
Chart PatternsdjiaelliotwaveanalysisS&P 500 E-Mini FuturesNASDAQ 100 CFDNQSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Trend AnalysisWave Analysis
maikisch
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