i am still very bearish on $rut, $indu, $spx, $compq.
based on what i see on technicals(pitch fork, fibo, clouds, iso lines, non-confirmations...) and elliott wave and patterns. updated to members in the market close report.
i issued the bullish $spx 1425 target during mid March while $spx was at 1250. then i abandoned the bullish target three trading days ago. so far, i still hold on to my bearish analysis. but if i am wrong, still have much upside to make up and i have proposed the detailed bullish roadmap at $spx 1250 in many fronts, which now is my alternate.
PS. 1). i heard the professional newsletter ewi now is looking for new highs on $indu, $spx and $compq, their newly issued (today) $spx high target as 1380, totally reverse their extremely bearish call of 3 of 3 down for the past couple of weeks. i can not say they are wrong, but currently i am totally not in their bullish camp, and i use elliott wave also!
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