SPX Roadmap Update March 2018

Mar 23, 2018

Crunch time coming

Mar 23, 2018

Note

At min closing the gap at 2850 following the template from 2015/2016

Mar 23, 2018

Note

SO basically next week SPX has to establish a higher low vs 2533

Mar 24, 2018

Note

Essentially if correct, currently SPX should be in impulsive Wave C of irregular flat that started at the Feb low

Mar 24, 2018

Note

In the grand scheme of things, P5 leaning to ED of which current wave could be start of Wave 2 down. I expect summer to be big down but for this next week needs to hold and start bouncing

Mar 25, 2018

Note

Fasten the seat belts one way or the other

Mar 26, 2018

Note

Good early start on the preferred scenario

Mar 27, 2018

Note

The most bullish scenario is a classic 4th Wave triangle above rising 55wma which could be underway also. That one will target above 3000, but for now lets focus on 2850

Mar 27, 2018

Note

Essentially 2 grand options: W2 in ED or W4 in impulse

Mar 28, 2018

Note

55wma is at 2540 now and rising a bit. This should serve as a support

Mar 28, 2018

Note

Final estimates of GDP at 2.6% YOY and Final sales to domestic purchasers at 2.9% all at cycle highs in 4Q17

Mar 29, 2018

Note

Seems to me another test at 2570/2580 needed

Mar 29, 2018

Note

Nope, seems truncation yesterday as Trannies appear to have bottomed. Triangle as W4 still not invalidated

Apr 2, 2018

Note

Make or break support at the 55wma