SPX LT View May 2017

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P5 Impulse as I have P5 ED already

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ملاحظة

Ok, so we have US eco accelerating, EPS accelerating, low rates, lower USD, housing up, cheap gas. This is called Goldilocks for those that do not know!

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ملاحظة

Slightly lowering the summer target to 2465/2479

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ملاحظة

Oil is down which supports the notion this is still Wave 3

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ملاحظة

On another note 2.61 FIB extension off the Feb 2016 low and Nov 2015 high is 2611