September 24: New comments S&P500
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Please look at all charts, monthly, weekly and daily before making your own conclusion. You can find HERE a description of the chart template used.
The used chart template is explained HERE.
Last week I wrote: "Last week I mentioned: "This may give some support the coming week..." This is what happened and we are closing the week a fraction higher. However, we are finishing the week with a negative candle after some 50% pullback of the move down from top wave 3.13. Maybe we should not exclude some more pullback, but for the medium term I expect a further move down the coming week(s). Next target is around 2030."
Last week I mentioned: "Maybe we should not exclude some more pullback, but for the medium term I expect a further move down the coming week(s)." Looking at the chart this week and thinking long term, I expect a further move down after the up retrace of the last two weeks, even we are close to making a new long term high. I am still convinced that even if this would be the case, it will be very limited.
The longer term SVEPRExp expert system is green. Green means a long position and black a short position for the long term on this weekly chart. You can find more information about SVEPRExp HERE and HERE!
For FOREX traders; here I keep updated FOREX EUR/USD charts.
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