Replies to post #5891 on E-Wave for the S&P 500 Index

[GLENO34]

Thanks RCKS...One guru I read thinks we may have made some kind of high here for now..And possibly drop bac to 6200 or lower.

[RCKS]

"...The trend remains up for now........."

http://www.pretzelcharts.com/

Last update noted that SPX was probably in a fourth wave that would ultimately resolve to new all-time highs, and that played out:



Bigger picture, this is still a potential resistance zone, so we'll see if SPX does any more backing and filling here or not:



Beyond the successful resolution of the expectations I held for the past week, nothing much else to add yet. The trend remains up for now. Trade safe.