CLOSED NEGATIVELY. SEE UPDATE ON https://amgonifty.wordpress.com/2016/04/06/sp-500-us-eod-05042016/
SEE DETAILED WAVE COUNT ON
SEE CHART AT https://amgonifty.wordpress.com/2016/04/13/sp-500-us-eod/
I have to change the wave count as SP rallied above 2075 & following are the changes I made & now expecting the target area for rally to be 2091.
See chart at :
DETAIL REPORT AT https://amgonifty.wordpress.com/2016/04/15/sp-500-eod-14042016/
RSI DIVERGENCE IS SEEN ON MID TERM CHART. PLEASE SEE THE DETAIL REPORT ON
On the trading day of 18/04/2016 after initial decline till 2073, index bounce & violated mystop loss 2088 & thus it proves that my earlier minor wave counts were totally wrong. Index made new high 2095 almost & so following are the best possible wave counts now & resistances are shown on the chart
PLEASE SEE CHART AT https://amgonifty.wordpress.com/2016/04/19/sp500-eod-18042016/
For detail chart please visit:
On the trading day of 19/04/2016 index bounced up to our first resistance level 2104 & then declined till 2091 & then again bounce till fibbo level 78.6% 2101 & then consolidate for the rest of the day to close at 2100.
So now if this 2104 high holds as a resistance then index retracement on down side probabilities are high.
So let us see what happens in coming few trading sessions.
TILL SPX AGAIN CROSSES 2111 I THINK BEARISH OPTION IS OPEN.
SEE THE CHARTS AT https://amgonifty.wordpress.com/2016/04/23/sp-500-eod-22042016/
FOLLOWING ARE THE WAVE COUNTS AT THE END OF THE DAY 01/04/2016 ON 15 MINUTE CHART: DOW & SP ARE MAKING NEW HIGH OF CURRENT RALLY & WILSHIRE WHICH IS 5000 SHARE INDEX NOT MAKING NEW HIGH. I FEEL IT’S A DIVERGENCE & IT IS IN LINE WITH CURRENT ADVANCE DECLINE RATIO WHICH IS OF BROADER MARKET
DOWN LOAD CHART AT