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Re: DiscoverGold post# 71912

Sunday, 05/05/2019 11:53:38 PM

Sunday, May 05, 2019 11:53:38 PM

Post# of 76351
Market Weekend Update - Short Term
By: Tony Caldaro | May 4, 2019



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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 is subdividing into Micro waves with Micro 1 high at 2830, Micro 2 low at 2788, Micro 3 high at 2954 with Micro 4 tentatively ending at 2901. Micro 5/Minute iii will lead to new highs in the coming days/weeks.

Short term support is at 2900 and the 2929 and 2884 pivots with resistance at the 2957 and 2995 pivots. The SPX ended the week overbought on the 60-minute chart and above neutral on the daily chart...

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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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