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trader53

05/03/18 5:59 AM

#153644 RE: trader53 #153486

ADTM - S&P 500 - Symmetrical Triangle

for Thursday, May 03, 2018


ADTM - S&P 500 - To make New Highs


ADTM - Follows the Market as measured by the S&P 500

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Key Tops: March / August / January


S&P 500 - Key Tops: 2400 / 2490 / 2872

ADTM - Key Tops: 0.0004 / 0.0012 / 0.0023


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Wednesday update

Posted on May 02, 2018

by tony caldaro


REVIEW

https://caldaro.wordpress.com/


LONG TERM: Uptrend


MEDIUM TERM: Downtrend

In January 2018,

Minor wave 5 completed,
along with Intermediate wave iii,
and an Intermediate wave iv correction began.


We are still expecting at least one more uptrend,
and series of New all-time highs.


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SHORT TERM:

We continue to track two possible scenarios:

triangle and double three.


The triangle
suggests a rally about SPX 2717

before the SPX drops back to the 2550’s again.

A double three
suggests the market trades lower,

without rallying to 2717,
to complete the pattern in the low to mid 2500’s.

Either way
it looks like more choppy action ahead.


Medium term support
is at the 2656 and 2631 pivots,
with resistance at the 2731 and 2780 pivots.


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Key Tops: - are Labeled


Key Tops: March / August / January


S&P 500 - Key Tops: 2400 / 2490 / 2872

ADTM - Key Tops: 0.0004 / 0.0012 / 0.0023


http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=3&mn=0&dy=0&id=p16291900332

https://www.stockscores.com/charts/charts/?ticker=ADTM


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