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Sunday, April 14, 2019 9:13:44 AM
Market Weekend Update - Short Term
By: Tony Caldaro | April 13, 2019
We are counting the high at 2852 as Minute i and the low at 2785 as Minute ii. The rally off the Minute ii low also appears to be subdividing into Micro waves as shown on the 60-minute SPX chart with Micro 3 still underway.
Short term support is at 2900 and the pivots of 2884 and 2858. Resistance is at the 2929 and 2995 pivots. Negative divergences exist on daily SPX charts. SPX hourly was reset with drop on Tuesday, when RSI moved below 30.
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• DiscoverGold
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By: Tony Caldaro | April 13, 2019
We are counting the high at 2852 as Minute i and the low at 2785 as Minute ii. The rally off the Minute ii low also appears to be subdividing into Micro waves as shown on the 60-minute SPX chart with Micro 3 still underway.
Short term support is at 2900 and the pivots of 2884 and 2858. Resistance is at the 2929 and 2995 pivots. Negative divergences exist on daily SPX charts. SPX hourly was reset with drop on Tuesday, when RSI moved below 30.
Read Full Story »»»
• 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!
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