Replies to post #23413 on The New CS Board

[dindindon]

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.