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S&P 500 Remains Bullish After A Corrective Retracement To 1537Top ↑  Our Services Subscribe to our newsletter Mar 21 2013 S&P500 cash market gapped lower in this week, exactly after prices tested 1560-1570 resistance area for wave (iii) as highlighted several times to our members last week. As such, latest retracement should be wave (iv), which made three sub-waves down and found a support at very typical 38.2% Fibonacci support level compared to wave (iii). With that said, larger trend remains up as we need one leg up to complete a five wave rally from 1485 Feb 26 low. Ideally market is now trading higher in wave (v) headed through 1558 high which will open the door for a push up to 1578 projection, where wave (v) equals to wave (i). .gif) Newsletter archive
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Trading forex, futures, options, stocks, cryptocurrenices or any another trading market carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.
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