Chart Update

OK, the SPX has reached the last line of support. Both the 50 month moving average – pink line, and the trend line for this bull market sit right about the projecting opening at 2599 and 2550ish respectively. Once again, this should provide a bounce under both wave count scenarios.

About alphahorn

I received an MBA from Columbia University’s Graduate School of Business in New York and am a Wall Street veteran. I’ve worked for a number of investment banks including Smith Barney and First Boston/C S First Boston in New York. Over the years, I have developed my own Proprietary Swing System and I combine that System with my own Elliott Wave Analysis to trade.
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