Chartist4312

Chartist4312 Updated 

Patterns becoming intense, explosive move up or down should come soon on daily chart

Chartist4312

200 SMA on daily chart is just above current price. Price is probably consolidating currently, preparing to break above. There is a lot of broken resistance below which now acts as support.

Chartist4312

All time high from 2015 is broken. Fundamentals baking up the FEDs view of the US economy.

Chartist4312

Currently overbought, but any pullback would give a buy opportunity if structure holds.

Chartist4312

see strong fibo resistances concur with trend lines on chart

Chartist4312 Updated 

breaking out of weekly trend

Chartist4312

currently building momentum to break out to the upside

Chartist4312

long perspective on the sp500 future

Chartist4312

Strong resistance below broken for the third time in 2016, bulls getting ready for a third new higher high test.

Chartist4312

strong resistance below. expecting a move up soon

Chartist4312

Might be some correction while moving up along the expanding wedge due to recent sharp price action

Chartist4312

3 wave patterns unfolding

Chartist4312

look at my other idea for the bigger outlook on the monthly chart

Chartist4312

Corrective wave seems to be completed

Chartist4312

see the chart for explanation:)

Chartist4312

See how nicely it all fit together when you draw the structures correctly; geometry, wave principles, fibos. It's beautiful:)

Chartist4312

Wait for some correction in current channel, then long to around 1340. See my other recent gold chart for a look at the gold in the bigger perspective on the monthly chart.

Chartist4312

Possible 3 wave structure forming on the monthly chart