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Friday, June 23, 2017 8:41:31 AM
~~~ Near-term setup still higher
By Avi Gilburt | June 20, 2017
Following the Elliott Wave analysis:
The SPX took the more direct route today as wave v of (iii) already, making a new high on the month in what likely counts as wave (3) of circle 3. The consolidation into the afternoon was either all of or part of wave (4) of circle 3, so tomorrow more upside can be expected in wave (5) of circle 3. This expectation will remain as long as price is above today's open at 2442 SPX, with 2458 - 2476 SPX as the larger target region above to complete all of wave v of (iii).
https://www.elliottwavetrader.net/marketupdate/Near-term-setup-still-higher-201706074034624.html
• DiscoverGold
Click on "In reply to", for Authors past commentaries
By Avi Gilburt | June 20, 2017
Following the Elliott Wave analysis:
The SPX took the more direct route today as wave v of (iii) already, making a new high on the month in what likely counts as wave (3) of circle 3. The consolidation into the afternoon was either all of or part of wave (4) of circle 3, so tomorrow more upside can be expected in wave (5) of circle 3. This expectation will remain as long as price is above today's open at 2442 SPX, with 2458 - 2476 SPX as the larger target region above to complete all of wave v of (iii).
https://www.elliottwavetrader.net/marketupdate/Near-term-setup-still-higher-201706074034624.html
• DiscoverGold
Click on "In reply to", for Authors past commentaries
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Your Due Dilegence is a must!
• DiscoverGold
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