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Post# of 46542
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algol

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algol

Re: jxyzobrien post# 26771

Thursday, 07/16/2015 6:56:27 AM

Thursday, July 16, 2015 6:56:27 AM

Post# of 46542
IMHO, $SPX has an ending diagonal pattern on the daily chart, and we are in the final wave 5 up since last Thursday. This is still the first leg up (A), which should end at around 2123-2125. Then, sub-wave B should get us down to your target of 2092, where there is gap support. Finally, sub-wave C should take us to a new high (2150-ish) over the next couple of weeks right on time for the EOM window dressing. That is how I see it. Other opinions are welcome, as always!
Happy trading everyone!
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