TradvingViewChartScreenshot

Above screenshot is a snapshot of the Monthly TD situation for SPX.

Once again...

Bull Case:

  • Weekly 9 makes new relative high above marked orange line (2802ish)
  • June follows by closing above red line (2713) leading us into a Green 2 in July for the Monthly count and a likely continued bull market rally

Bear Case:

  • Weekly 9 fails to make new high above orange line (2802ish) turning into a bearish reversal candle
  • June closes below red line (2713)
  • 5 more months of downside to complete TD Buy Set Up series. (likely falling to at least 50 MA around 2235)

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6/9/2018 7:00:00 AM

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