SPDR S&P 500 (SPY)

[Oddlot]

SPX LT analysis:

Obj from FLD for 43week and 86week cycles agree at approx 2500-2525.

Swing obj, assuming 2525 is filled, is formed from 2625/2925 or 300pt move as order of magnitude. Typically 80% of move is safer projection. From 2625, this becomes 2385 area.

Pnf obj daily atr basis is approx 2425, in general agreement

The FLD 86week, for 3.3yr cycle is 2360 now, and 2380 at year end.

With the calendar expectation of lows week19-22 of 2019, a reasonable assumption is that the move to 2425-2450 occurs and then the mkt bounces. Then another downswing occurs, going below the FLD level for 3.3yr obj of 500pts below FLD crossing for nominal target of 1800-1900 in mid 2019.

Oddlot