S&P 500 IndexLong
$SPX: Working with Old Tragets
When 2202 is taken out, I will update my targets based upon the recent pullback and calculate new Fib extension targets.
2186/2187 appears to offering some resistance.
In the EW blogoshpere, a minority think we are working on a corrective B which would take us to new high before C ends the party.
Majority view is we are in intermediate 5 of a Major C. Either view gives us higher prices with 4% frequently mentioned, taking us comfortably into the 2200's. 2212 is a big number.
Counts are changing with EW practitioners revising or subdividing their counts. Messy
A concern is that NYA has not put in a new record high
2186/2187 appears to offering some resistance.
In the EW blogoshpere, a minority think we are working on a corrective B which would take us to new high before C ends the party.
Majority view is we are in intermediate 5 of a Major C. Either view gives us higher prices with 4% frequently mentioned, taking us comfortably into the 2200's. 2212 is a big number.
Counts are changing with EW practitioners revising or subdividing their counts. Messy
A concern is that NYA has not put in a new record high
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