Monday, May 22, 2017 8:33:36 PM
S+P 500 forecast...
I predict...the resistance here just below 2400 will send S+P down again to test 2370 area (2380-2370) as a small dip, that will Hold strong support there, and begin the next 100 point rally to target 2470 area.
I could be proved wrong if it falls below 2370 , bounces up to 2380 and falls again back to test 2350 again.
But my forecast is that S+P will hold the next dip around 2375/2370 and rally strong again, like it did these last 3 days.
I predict...the resistance here just below 2400 will send S+P down again to test 2370 area (2380-2370) as a small dip, that will Hold strong support there, and begin the next 100 point rally to target 2470 area.
I could be proved wrong if it falls below 2370 , bounces up to 2380 and falls again back to test 2350 again.
But my forecast is that S+P will hold the next dip around 2375/2370 and rally strong again, like it did these last 3 days.
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