Monday, November 18, 2019

SPX and INDU: First Bull Targets Captured

Well, a little to add since last update, in that the first target for wave (3) of the bull count from July has now been captured:

And SPX has FINALLY truly reached the black trend line discussed in prior updates.

In conclusion, given the multiple target captures, it would not be unusual to see some backing and filling at this point.  However, in the event the markets can power through these zones (less likely, but not impossible), then we could see a renewed push from the rally.  Trade safe.

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