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[TSP_Strategy] Intermediate Term Market Forecast

 

Based on my EWT Analysis, The SPX 2453 seem to be an intermediate term wave top.  There are some ambiguity in counting of the current waves.  So whether it is the Third or Fifth is not for sure, but either way, the intermediate term direction seem to be downward with a fairly high probability.  I hope it is the top of third wave, but never know though.  So I would be extremely cautious for any reentry attempt in near future.  All I can project at this point is that the near term direction would be heading South!  If it is the Fourth wave correction, around 2200 is very probable target for the bottom and then SPX could climb up above 2500.  If it is the Fifth wave top, then it would be a beginning of a bear cycle.  So be careful folks!  Just my two cents! 

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Posted by: Paul <ur12bfriend@gmail.com>
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Neither the TSP Strategy group, nor individual members, are licensed or authorized to provide investment advice. Any statements made herein merely reflect the personal opinions of the individual group member. Please make your own investment decisions based upon your personal circumstances.

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