Second Target Hit Early

It was no surprise that the SPX began declining after hitting my 1.4.19 target last week, though what was surprising is the velocity at which it moved to reach my next target…

Below is the forecast I made on 7.26.19, showing my expectation for wave-b:c:(x):(iv) to move downward to the ~2850 range…

 

SPX-D-7-26-19-2.jpgLink to larger chart:  Link

 

 

What was surprising was the velocity at which the SPX fell to my target, obviously spooked by the Fed decision and the new escalation in the trade war with China…

Below is yesterday’s (8-5-19) daily SPX chart showing a possible road map where the SPX moves upward to as high as the ~3000 range…

It seems this corrective fractal may be the Adam-and-Eve type… so looking for a move up to ~3000, then another leg down to ~2850, to complete wave-b:c:(x):(iv)… watching.

 

SPX-D-8-5-19-1.jpgLink to larger chart:  Link 

 

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