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Friday, March 2, 2012

$SPX: Our forecast for next months. Considering Primary B, is still in play.

Some days ago we posted that, because our 1,363.61 "clue line" wasn't respected and now the HS neckline (orange dotted line) is the one that is playing as resistance, primary wave B continues in play and now, maybe, minor wave 3 of intermediate wave c is ending. This is our forecast for next months until primary wave B could be in place.

We also posted, some days ago, that market is due for a pullback and we think it could be as an minor wave 4 and, also, we give a target of 1,285 for this wave.

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