(1) Long term target – pending (reason: see synopsis (1) ) (2) Gauge 2157.33-2167.53 to see middle term target 2213.50 (3) SPX Short term high targets: 2137.74, 2141.14, 2148.70 (6) imho: Pullback below 1976 +/- is the confirmation we may not see 2213.50 for a quite long time.
synopsis:
(1) imho, fundamental information will give clues. For example, Fed use Economic Conditions to adjust federal funds rate.
(2) There are two different level “fourth wave”. For simplicity, use the following wave nomenclature (it is a popular one among E-wavers, only Time will tell) and assume wave III top is 2134.72 (note: requires confirmation), the wave IV retracement is a Fibonacci ratio hunting game.
A minimum retracement ratio 0.236/0.382 2134.72-1074.77--> 1885/1730 2134.72-0666.79--> 1788/1574
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