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Thursday, March 29, 2012

$SPX: Maybe, a little push to the 1,397-1,399 area before continuing it's way to 1,375?

$SPX: EW count and forecast update.

Our last days forecast is going fine. As you can see in this chart, 1,391 is the 23.61% retracement and some support is expect. If this support is break next stop could be 1,375.

$SPX: EOD EW count and forecast for next days.

If we are right in our forecast,below, and this is effectively a little wave 4,up, target could be in place or very near. If this is a wave 4,then next days we could see the continuation of the bigger wave 4 with a preliminary target of 1, 375.