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Tuesday, April 14, 2020
Tuesday Update (4/14/20)
Here we go
Multiple overhead for SPX
[1] SMA50 at 2892
[2] potential small-degree EDT limit at 2882 (Chart 2)
[3] 2018-2019 sup/res zone at 2850 (this Chart)
Worth considering this in terms of the big picture
ReplyDeletehttps://www.marketwatch.com/story/america-should-be-ready-for-18-months-of-shutdowns-in-long-hard-road-ahead-warns-the-feds-neel-kashkari-2020-04-12?mod=article_inline
Chart 1
ReplyDeleteThe Blue (A)(B)(C) from the low is would agree is approx right.
The Blue same from the Feb peak is part of a impulse wave seq.