Wednesday update
SHORT TERM: gap down opening, DOW +23
For the first three days of this week the Asian markets have lost 1.8%, and the European markets have lost 2.0%. The US market was closed Monday, and gapped down at the open on both Tuesday and Wednesday. This would suggest the SPX was also down hard. But it is actually down less than 0.5% for the week.
From last week’s all-time high of SPX 2917 the market has dropped exactly 40 points to today’s low of 2877. More than expected at this stage of the rally. But quite normal for this uptrend. The non-quantified short term wave count we were tracking did not work out. SPX 2917 did end Wave 1 of Minute iii of Minor 3. Wave 2 might have ended today at SPX 2877. Pullbacks of this degree, during this uptrend, have been as much as 50+ points. So maybe a bit more downside before the uptrend resumes. There are, however, positive divergences on both the SPX and DOW hourly charts. Short term support at the 2884 and 2858 pivots, with resistance at the 2929 pivot. Best to your trading!
MEDIUM TERM: uptrend
LONG TERM: uptrend
CHARTS: https://stockcharts.com/public/1269446/tenpp
Source: https://caldaro.wordpress.com/?p=21640
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).