Equity futures had a quick dip lower last night on the news of the cruise missile strike in Syria but have regained the drop ahead of the NFP. This is in harmony with the two leading wave counts which still point up.
Note: Fixed crude resists The market is pretty resilient which is conducive to both of the scenarios that I am keeping an eye on. One, that the high at the start of March is a wave (iii) high and now in the middle part of a wave (iv) correction that can take prices modestly higher […]
There was an error in support values in the morning chart. Decided to make a separate post instead of replacing the previous one. The theme is the same. A new low improves the form but if they begin to push past resist, 2359 SPX, a small short squeeze can start.
Not sure what to think of the drop in SPX yesterday. It may have been a wave ii though it was just short of better wave ii targets. It may be good enough though think it best to assume an attempt lower this morning before a rally attempt.
The S&P 500 (SPX) is having a tough time with the 2372 area but I still think there will be an eventual break and push to at least the next zone at 2386. There may be a couple points of drop in the morning but watch for morning support holding and a renewed assault on […]