SPX Roadmap Nov 2017
Updated
Still in Wave 3 of 3 (or C)
Note
Essentially we have been having conditions similar to 2013Note
The churning last few sessions could again be bullish triangle in this final extended wave of 3 of 3, so if yes then into 2600sNote
Ridiculous 5th wave extension of 3, now seems to form a triangle as wave 4 which if correct means one more try at new ATH. Funny market thisNote
Should be entering the final stretch higher as it appears triangle on a lower degree has been formed and futures broke out of it, so Wave 5 of this final Wave 5 of 3 could have begunNote
Yesterday, GDP prelimanary numbers changed nothing as 3Q yoy is still 2.3%, so acceleration from 2.2% previous quarter. This is likely to end by 1Q18 as comps are very difficultNote
SPX 2661 is 261.8% FIB extension of 2015 high and 2016 low. Today it hit 2658. Are we reaching infleciton point short term?
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