XJO 1.34% 7,971.1 s&p/asx 200

Weekend Charting and Chat - 16th June 2017, page-6

  1. 7,511 Posts.
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    SPX - the week of the 26 Jun is a date of significance possibly marking the end of wave 5 on the weekly charts (Top) it falls on the same angle as 2 mar 2009. if that occurs then it will probably be followed by an ABC pattern to retest top and failure.  the week of 3 July should see that corrective ABC pattern commence. one possible scenario.

    The other scenario is that we see an acceleration from the 3 July through to the week of the 31 July.

    Reporting season commences around that time as well.

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