S&P 500 Updated -130401

The S&P is reaching a D pivot and it looks like that will be mid April. Below you can see the M, W & D MF channels

130401 TM

In more detail the shorter term outlook. A break out of the triangle show will confirm D3.

SPX 130401 D

 

D012 ML is resistance, d234MLL is support. Once we have D close outside we will have confirmation of D3

SPX 130401 T d

 

UPDATE

We have indeed broken out

spx130402 overlay

And the optimistic count - either way the end is near! A drop below should be the MLL's should b challenged from underneath and a failure the will confirm D3.

spx130402 detail c5

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