The New CS Board

[dindindon]

07/17 SPX

In spite of those Bullish E-wave calls, the QE induced, mighty SPX shows deterioating sign in monthly chart; i speculate SPX will not reach the middle term target 2213.50 (major:1.500/2130.46, 1.618/2213.50) in the next few months.

Saturday, 06/20/15 03:27:12 PM 
 (1) Long term target - pending    
 (2) Middle term target 2213.50    
     Gauge 2157.33-2167.53 to see 2213.50    
 (3) SPX Short term high targets 2137.74, 2141.14, 2148.70 
 (6) imho: Pullback below 1976 +/- is the 
     confirmation we may not see 2213.50 for 
     a quite long time. 
  
     Short term  low targets:     
     based on retracement     
     2066.04, 2039.66, 2017.20  
     EDIT: recent low 2044.02 on 07/07 
  
 Thursday, 05/07/15 01:19:21 PM 
 The battle field is very clearly deployed, with the center line 2100, up to 2200, down to 2000.  
 This is the In-Distance combat zone for quick traders.  
 

trend line resistance 2125