Indice S&P 500
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S&P 500 – long and short, or longer long?

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Hello everyone,

Similar to the movements of the dow, we now most likely will see the S&P 500 waving up (turning point: green box).

The question is: how much points will the SPX make? I think we have to decide later, if we will see a new all-time high or a massive sell-off down to complete wave 4 at 2.200 points (for further information, please check links below). The Decision point could be my yellow box in the chart. I still prefer a final sell-off, but this could change, if the SPX will built an impulsive structure up – if so, a new all-time high will be more likely.

Updates will follow…

Don’t hesitate to contact me, if you have any questions or other ideas!

Take care,
tgo
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