US - Market Direction 37 (Oct 15 - Apr 16)

Re: US - Market Direction 37 (Oct 15 - Apr 16)

Postby winston » Wed Apr 06, 2016 2:13 pm

S&P500 in “a-b-c” correction

The US S&P500 Index could have completed a wave “a-b-c” correction after the Index reached 1,812pts three months back.

If that is the case, the S&P500 must not break below the 1,812pts low when the next correction kicks in.

The S&P500’s rally has been strong over the past few weeks and is currently testing its resistance trendline.

Source: CIMB
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