Well we need like 3 more points to fill the gap on the S&P FROM January. The number is 934.70 and then I guess they will try and hit that 200 day moving average which stands around 952 area. After that folks it is anyone's guess but it would seem highly unlikely not to hit that level.
As I have been saying this corrective move have the possibility to take us higher and it has with my ultimate target in the 1054 area or in terms or time early July we will see. I think right now as how I see the price structure we should hit the 200EMA and then pullback before we go higher for an ultimate peak, again the real question is how deep will the pullback be.
Initial I was thinking a mid 700 level on the S&P but now I think it might be a mid 800 level around 830-850, it is almost impossible to trade this wave 4 or make clear sense of it since it the messiest in EW analysis so we will have to wait and see.
MARKETJEDI
skip to main |
skip to sidebar
Follow an unbiased Financial Trader (MARKETJEDI)-
Please Read
The information posted on this blog should NEVER be taken as advise to buy or sell securities, options, currencies or futures. This blog is for my entertainment only, as I map out my feelings about the stock, options, futures and currency markets.
You should always make your own trading an investment decisions after you carefully think through the risks involved.
You should always make your own trading an investment decisions after you carefully think through the risks involved.
Purchase a class here
Marketjedi Search
Open plays
Subscribe by E-mail
Latest Posts
Blog Archive
- ► 2012 (183)
- ► 2011 (432)
- ► 2010 (368)
- ▼ 2009 (873)
About Me
- MarketJEDI
- Charlotte, NC, United States
- Bring real information to the average person about the Financial markets. I am a technical trader that uses alot of technical tools such as Fibonacci, Bollinger Bands, MACD, TRINS, VIX to read the markets
blogpatrol
Marketjedi, in reliance upon the "publisher’s exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940, is designed solely to provide subscribers and/or prospective subscribers with a method to evaluate and obtain general information on market analysis, current events, trade methodology, and other related information. Recipients of this e-mail message/ blog do not receive investment reporting, investment supervisory or investment management services, nor the ongoing review or monitoring of an individual investment portfolio.
The information contained on this blog or in e-mail messages are intended only for the personal and confidential use of the recipient(s) named above. If the reader of this message is not the intended recipient or an agent responsible for delivering it to the intended recipient, you are hereby notified that you have received this document in error and that any review, dissemination, distribution, or copying of this message is strictly prohibited. If you have received this communication in error, please notify us immediately by e-mail, and delete the original message.
MARKETJEDI is an information service for investors/ traders and is not a recommendation to buy or sell securities, nor an offer to buy or sell securities. The publishers of the Notes are not brokers and are not acting in any way to influence the purchase of any security. The information provided is obtained from sources deemed reliable, but is not guaranteed as to accuracy or completeness. Marketjedi himself or his investor, are not liable for any losses or damages, monetary or otherwise, that result from the content of Email.
The publishers recommend that anyone trading securities should do so with caution and consult with a broker before doing so.
Past performance is not indicative of future performance. Securities presented in Marketjedi’s email and website should be considered speculative, with a high degree of volatility and risk. Any REDISTRIBUTION of the above information, without prior written consent from MARKETJEDI or Owners is STRICTLY PROHIBITED.
The information contained on this blog or in e-mail messages are intended only for the personal and confidential use of the recipient(s) named above. If the reader of this message is not the intended recipient or an agent responsible for delivering it to the intended recipient, you are hereby notified that you have received this document in error and that any review, dissemination, distribution, or copying of this message is strictly prohibited. If you have received this communication in error, please notify us immediately by e-mail, and delete the original message.
MARKETJEDI is an information service for investors/ traders and is not a recommendation to buy or sell securities, nor an offer to buy or sell securities. The publishers of the Notes are not brokers and are not acting in any way to influence the purchase of any security. The information provided is obtained from sources deemed reliable, but is not guaranteed as to accuracy or completeness. Marketjedi himself or his investor, are not liable for any losses or damages, monetary or otherwise, that result from the content of Email.
The publishers recommend that anyone trading securities should do so with caution and consult with a broker before doing so.
Past performance is not indicative of future performance. Securities presented in Marketjedi’s email and website should be considered speculative, with a high degree of volatility and risk. Any REDISTRIBUTION of the above information, without prior written consent from MARKETJEDI or Owners is STRICTLY PROHIBITED.
No comments:
Post a Comment