SPX Short term Update April 2017

Mis à jour

Higher low as part of triangle looks more probable now

Note

Next week pivotal as 2300 support. Generally reflation trade on the ropes but AUDUSD is up which is usually a leading indicator

Note

Large spike in risk off indicators today implies trading low to be made next week

Note

Today very solid accelerating US data supporting markets

Note

Next 3/5 sessions critical. It does seem 2300 is still on the cards. We see whether higher low will hold. Seems something on the downside is missing

Note

French election the decider. Of note, MCCL Oscillator has been rising and making higher lows ever since early March. Clearly, supports more flattish correction/consolidation. Also, looks better alternation wise

Note

Ok, it does seem triangle or flat the only 2 options i can think now left for this Wave 4

Note

Crunch time coming next week most likely by 25 based on some indicators. French elections decider

Note

Essentially we need 2 down days to have conviction buy set up based on levels of my risk off indicators. They are already high so clearly any French election turmoil should be causing them to peak

Neon

Publications connexes

SPX Short term set up April 2017

par Neon

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.