SPX Weekly 28Oct

Firstly to show you the completion of W3 and W4 as well as D pivots and the channel to complete W3

US SPX W D and W channels to W4

Prices are still within M012 fork as shown in the monthly update, and show the intersection with the break out MAP fork as the ideal target for M3 below for early 2016 challenging 2500 (2485). US SPX W M channel M3

This target coincides with WMF234 MLU, and as you can see below prices have so far held support with this week's low. Based on this prices should make new highs before Christmas in time for the Santa Rally on the WMF234 MLU. This needs to be verified on the Daily fractal scale to confirm sub wave development so far in this uptrend.

US SPX W WMF

Leave a Reply