S&P On Track 2560-2640

BarroMetrics Views: S&P On Track 2560-2640

The Upthrust Sell signal triggered on May 17 looks like being negated: I need only see a bullish-conviction close above 2418 to say that has happened.  That would confirm that the strategy suggested in “Trump & the S&P…” was correct.

Assuming we do see a bullish-conviction close above 2418, then there is a strong probability we’ll be seeing 2560 to 2640. If we do see those prices around end July, early Aug, then we may have a possibility of a top.

In the meantime, I’ll take the view of ‘long or out’.

FIGURE 1 S&P 18-day Swing

1 thought on “S&P On Track 2560-2640”

  1. Hi RAY, THE SP 500 HAS NOW REACHED ITS TOP AT 2418 AS HAVE WALL ST AT 21,114 THIS IS THE TOP OF THE MARKETS AS IS UK 100 FTSE ALSO NOW GERMANY IS FOLLOWING ITS WAY DOWN. THIS IS BASED ON GEOMETRIC PROGRESSION AND COMPOSITE WAVE STRUCTURE & VECTORS CONVERGING . HOPE YOU MAY FIND THIS USE FULL . REGARDS KEN UK.

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