SPX Roadmap Update Feb 2018

٢٧ فبراير ٢٠١٨

Still tailwinds to potential HH

٢٨ فبراير ٢٠١٨

ملاحظة

2nd estimate GDP YOY at 2.5% which is 6th quarter of acceleration with final sales within US at 2.8% YOY and investment spending rebounding strongly with Trump election

٢٨ فبراير ٢٠١٨

ملاحظة

Period of consolidation so far

١ مارس ٢٠١٨

ملاحظة

So we are looking at various scenarios here: 1) Bullish case for a min low 2900s using the 2015 1H analog which was similar in terms of economic dynamics plus QE stopping 2) Bearish lower low which is part of Wave B of larger wave C. Currently 60:40 Bullish scenario

١ مارس ٢٠١٨

ملاحظة

Meant to say Wave B of larger Wave ABC

١ مارس ٢٠١٨

ملاحظة

So next week SPX should make a higher low vs 2530 in this bottoming process. Do not subscribe at all to the 1987 analogs floating around

٢ مارس ٢٠١٨

ملاحظة

Looking for 2560 at worst for higher low next week

٢ مارس ٢٠١٨

ملاحظة

Next week very important as speculative exposure continues to unwind while hedging continues to increase while SPX is rangebound/triangle. This is gradually positive

١٠ مارس ٢٠١٨

ملاحظة

Next important level is 2820/2860 the gap. Now, this could be a B Wave also, so tricky next 2 weeks