Be adaptable & be mindful. Good luck guys. I think the last best opportunity to make big money in 2015 is unfolding.....
ZT--With Major wave 4 now firmly in the support zone, a slight positive short term divergence, and oversold short term MACD, and an oversold daily RSI, we should see the end of Int. a or Major wave 4 soon. Short term support is at the 2019 pivot and SPX 1993, with resistance at SPX 2040 and the 2070 pivot. Short term momentum ended the week extremely oversold.
One item of note. Should this decline continue and overlap the Major wave 1 high at SPX 1993, then there is another pattern unfolding other than the one we are expecting. This could suggest a retest of the SPX 1867 lows. Be careful. Best to your weekend and week!
chart borrowed--
