|
(1/8/19)
The S&P 500 is exhibiting an "abc" type rally from the low made made on 12/24
and has reached the 38.2% Retracement. If the length of c = the length of
a that yields a target just below the 2620 level.
Meanwhile the S&P 500 is becoming very overbought as the 5 Day RSI has almost
reached the 70 level. Keep in mind when the 5 Day RSI has dropped to the
10 level or below (green line) and then risen back above the 70 level pullbacks
have followed (points c to d).
Amateur Investors
| 
