EuroMotif

SPX near term RoadMap going into NY open Wed, one last leg up?

EuroMotif Mod Обновлено   
FOREXCOM:SPX500   Индекс S&P 500
Part of my ongoing analysis of the S&P500 as a measure of risk sentiment (see links below).
NOTE: TV rendering bug may show blurry numbers, Click Here for Snapshot of above chart.

We are nearing a CRITICAL level, a "Do or Die" zone really.
Is the bounce just an auto retrace with more down to come?
Or is the bottom now in the Rear View mirror and we go up?

Either way, the fibs and wave structure imply one more leg up at least.
Where this last leg reaches, and what happens after will be key data.
If it blasts through the upper resistance band, odds are bottom was in.

We are very close to the widely watched "618 retracement zone".
While I use "extensions" over retracements, the same levels are key.
Whether the bottom is in or not, we are due to for a decline soon.

This particular plot is a zoom/update of the bigger picture "top of bounce" call posted here (click).

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Recent Analysis:
Jan 16: Call for Top or Near Top <= Must See
Jan 27: Initial plot of Virus effect
Feb 25: Dip update 1: Early Measures
Feb 26: Dip update 2: Wave B targets
Feb 28: Dip update 3: Friday Bounce
Mar 03: Dip Update 4: Wave C warnig
Mar 11: Dip update 5: Edge of Cliff
Apr 07: Bounce Update 1: Key Resistance
Apr 09: Bounce Update 2: Nearing End

The Big Picture painted by a "Golden Fib"
Previous Milestones Mapped:
Oct 11 2018: Top Warning
Nov 18 2018: Correction Mapped
May 07 2019: Top Warning
Jun 03 2019: Bottom Signal <= Must See

I also plot Forex and Crypto, see my TV Profile Page.

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- UPDATES to Follow below
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Комментарий:
Moment of Truth

1 hour before NY open
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Комментарий:
Ding Ding Ding

1st and most likely Target Hit EXACTLY, during Asia session
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Zoom IN (5 min) for a closer look WOW

WOW
Комментарий:
Quick update:

Pullback from our zone came to a logical spot, and looks like we may get one more PUSH to the higher resistance zone yet Being Friday afternoon, we may not get the push today as many are taking profit.

Lets see how the day closes.
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