he B wave scenario suggests the market tops out soon, and then
corrects down to the 2040’s to complete a complex irregular
flat. The diagonal scenario suggests the market tops out soon, then
drops through the SPX 2040’s area, the Major wave 4 low at SPX
1981, and down to the October 2014 low at SPX 1821. Either way this
uptrend should be topping soon, and then we will see what unfolds.
Short term support is at the 2085 and 2070 pivots, with resistance
at SPX 2115/2120 and the 2131 pivot. Short term momentum ended the
week overbought.
Tony Caldaro getting cautious
Posted by rbreese on 2nd of May 2015 at 09:01 am
he B wave scenario suggests the market tops out soon, and then corrects down to the 2040’s to complete a complex irregular flat. The diagonal scenario suggests the market tops out soon, then drops through the SPX 2040’s area, the Major wave 4 low at SPX 1981, and down to the October 2014 low at SPX 1821. Either way this uptrend should be topping soon, and then we will see what unfolds. Short term support is at the 2085 and 2070 pivots, with resistance at SPX 2115/2120 and the 2131 pivot. Short term momentum ended the week overbought.
Andre Gratian says high is in
Posted by pjwhiteley on 3rd of May 2015 at 05:52 pm
Andre Gratain has a free weekly newsletter at Market Turning Points.
He says the high will not be seen again for months. he sees a big downtrend this summer.
wow amazing change from Tony
Posted by matt on 3rd of May 2015 at 06:32 pm
wow amazing change from Tony who's always maintained that super bull count wave 3 of 3 of 3 infiniti