Wednesday, April 26, 2017
RUT and SPX: First Upside Targets Captured
SPX captured its first upside targets yesterday, and the rally looks like it probably has farther to run, although a fourth wave pause might be appropriate here:
No change to the big picture since 2016:
RUT's break of the prior high is significant from a technical perspective, and adds confirmation to the bigger picture bull case:
In conclusion, everything looks on track, although bear 2 isn't entirely dead yet, it does look increasingly less likely. Trade safe.
Posted by PretzelLogic at 3:30 AM