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markrivest
29 de Ene. de 2018 5:26

High SPX -RSI Contiues to Predict Higher Prices Largo

S&P 500SP

Descripción

My 1/7/18 SPX post noted a high monthly RSI was bullish for SPX.
On 1/26/18 the monthly, weekly, and daily SPX - RSI are all at their highest levels since March of 2009.
Seasonal US stock market patterns are bullish until May.
I've discover Fibonacci resistance at SPX 3047, more about this in a future post.

High probability SPX rises to 3047 area by May 2018.
Corrections along the way likely to be brief and shallow - 3 to 5%
lasting maybe 1 to 3 weeks.

Mark
Comentarios
cocawater
Hi Mark,

I guess the correction is under going then. By the way, it felt good when I opened your post.
markrivest
Hi @cocawater,

A correction may already be complete on 1/30/18. If not there is strong support at SPX 2775.
This target could be reached on 2/2/18 or 2/5/18.

Mark
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