Replies to post #27966 on Market Direction and Stock Trends

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Pretty Simple Right Now
By: Avi Gilburt | May 23, 2019

Following the Elliott Wave analysis:

I can honestly say it does not take a brain surgeon to figure out the market right now . . . assuming that brain surgeon understands markets.

If the market breaks out over this week’s high, then it opens the door to 2900-2920SPX. However, if we break down below 2830SPX first, then the trap door opens, and it is only a matter of time before the market falls through it.

I wish there was more insight I could provide, but it all really depends on whether we can break 2830 sooner rather than later. But, I will add that are a number of charts that still look like they need more of a “bounce.”

Enjoy your evening.


5minSPX


60minSPX

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