S&P 500: I was spot on

05/07/2015

S&P 500: I was spot on

A few weeks ago I wrote an article on ADVFN:

http://uk.advfn.com/newspaper/thierry-laduguie/34356/earnings-give-a-push-to-the-s-amp-p-500

I was expecting a short term rally followed by a decline over a longer period of time. I said "we have now turned bearish with the current rally expected to end around 2,130. We are targeting an initial first move back to 2,070".

Well, the high was 2,126 and right now the S&P 500 is trading at 2,070.

Start making regular profits from the FTSE 100, S&P 500, EUR/USD and gold, subscribe to Better Trader Premium:

http://www.bettertrader.co.uk/blog/premium-content.html

Until next time,

Thierry Laduguie

Posted by Better Trader on 05/07/2015 at 02:16 PM in Elliott Wave, Key Levels, Research, S&P 500, Technical Analysis | Permalink

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Better Trader

05/07/2015