SPX INDEX: WILL 14.6% FIBBO LEVEL ACT AS RESISTANCE ???

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END OF THE DAY SPX WAVE COUNT IS SHARED HERE. IF ANY ONE WANTS TO SEE IT PLEASE VISIT.

amgonifty.wordpress.com/2016/04/02/sp-us-eod-01042016/

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SPX EOD 05/04/2016

CLOSED NEGATIVELY. SEE UPDATE ON amgonifty.wordpress.com/2016/04/06/sp-500-us-eod-05042016/

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SPX EOD 11/04/2016

SEE DETAILED WAVE COUNT ON
amgonifty.wordpress.com/2016/04/12/sp-500-eod-11042016/

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SPX EOD 12/04/2016

SEE CHART AT amgonifty.wordpress.com/2016/04/13/sp-500-us-eod/

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EOD 13/04/2016 S&P 500 US

I have to change the wave count as SP rallied above 2075 & following are the changes I made & now expecting the target area for rally to be 2091.

See chart at :

amgonifty.wordpress.com/2016/04/14/sp-500-eod-13042016/

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SPX EOD 14/04/2016

DETAIL REPORT AT amgonifty.wordpress.com/2016/04/15/sp-500-eod-14042016/

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SPX EOD 15/04/2016

RSI DIVERGENCE IS SEEN ON MID TERM CHART. PLEASE SEE THE DETAIL REPORT ON

amgonifty.wordpress.com/2016/04/17/sp-500-eod-15042016/

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SPX EOD 18/04/2016 S&P 500 US
On the trading day of 18/04/2016 after initial decline till 2073, index bounce & violated mystop loss 2088 & thus it proves that my earlier minor wave counts were totally wrong. Index made new high 2095 almost & so following are the best possible wave counts now & resistances are shown on the chart

PLEASE SEE CHART AT amgonifty.wordpress.com/2016/04/19/sp500-eod-18042016/

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SPX EOD 18/04/2016 S&P 500 US

For detail chart please visit:
amgonifty.wordpress.com/2016/04/20/sp-500-eod-19042016/

On the trading day of 19/04/2016 index bounced up to our first resistance level 2104 & then declined till 2091 & then again bounce till fibbo level 78.6% 2101 & then consolidate for the rest of the day to close at 2100.

So now if this 2104 high holds as a resistance then index retracement on down side probabilities are high.

So let us see what happens in coming few trading sessions.

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SPX: EOD 22/04/2016

TILL SPX AGAIN CROSSES 2111 I THINK BEARISH OPTION IS OPEN.

SEE THE CHARTS AT amgonifty.wordpress.com/2016/04/23/sp-500-eod-22042016/

UnknownUnicorn341544

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