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S&P500 : Uptrend Continuation In View

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 26, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    S&P500 has recovered very sharply following a bounce from 1997 at the start of last week where we labeled end of a three wave decline. It was a corrective move in wave 4) that sent price up into wave 5) which will be targeting new highs. Notice that upper trendline of a downward channel is broken so more gains should follow in days ahead. High of 2112 can be taken out soon which will lead to more gains; up to 2150-2170. S&P500, 4H

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