AI
Thursday, May 07, 2015 10:36:03 AM
SPX check points as of 05/07
session high 2083.04, Ongoing
down side
second down wave (root 2120.95) moved longer than 1.0 (2072.62) slightly. 1.786 @2034.63, nearby major support 2031.14
resistance
(1) local wave
2080.44 (0.236)
2088.18 (0.382)(crosses up set intraday bullish)
Note:
use major wave, >2069.93 is bullish, in other words, in spite of the the recent softness, SPX is still in the long term bullish mode.
(2) major wave
2085.08
2079.76
for more comments see prior post.
session high 2083.04, Ongoing
down side
second down wave (root 2120.95) moved longer than 1.0 (2072.62) slightly. 1.786 @2034.63, nearby major support 2031.14
resistance
(1) local wave
2080.44 (0.236)
2088.18 (0.382)(crosses up set intraday bullish)
Note:
use major wave, >2069.93 is bullish, in other words, in spite of the the recent softness, SPX is still in the long term bullish mode.
(2) major wave
2085.08
2079.76
for more comments see prior post.
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