FX:SPX500   مؤشر ستاندرد آند بورز 500
9
1) There is this channel starting early 2014 which i see very difficult to break to the upside.
2) we are still under wave 4 of the move since Oct14 and this wave 4 could fit a "d" move down.
3) most rallies since Mar09 lasted less than 6months except one.
4) most of these 6months rallies were smaller than 17%.

here i see the possibility of an extension to 2155 on the 19th of June.

That would be an extension of 2 months and 2%, it would also coplete 5 waves

The question right now: where are the next 2%. My take which you know if you follow me: DOWN and i would reverse at 2040.
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