This morning, I want to give you a brief rundown of some of the most important things we covered…
The S&P 500 looks set for a move lower.
Based on my Elliott Wave analysis, it’s set for an A-B-C type move back to 3780.
That’s not much lower to go, especially with the early negative reaction to the CPI number this morning.
There are also Fibonacci levels to be aware of at 3750 and 3720, either of which could be the resistance level S&P moves towards.
At this point, this is the path it looks like we’re on. We’ll probably bounce somewhere in that area if we find support, otherwise, we may retest the lows.
You can watch my complete market analysis in the video, and see my thoughts on all the stocks that were most popular with you folks.
Hope you have a good one,
Jeffry
P.S.: There are still some spots remaining in my brand new Beta Program. I’ve written a long letter explaining exactly what you can expect from that if you join (and become a permanent member for life). Read all about it here.
Jeffry Turnmire and InvestPub do not provide investment advice. Trading involves a substantial risk of loss and is not suitable for all investors. Many traders fail and you should not trade with money you cannot afford to lose. If you need personal financial advice, consult a financial advisor.
Daily Profit Publishing and Jeffry Turnmire do not provide investment advice. Trading involves a substantial risk of loss and is not suitable for all investors. Many traders fail and you should not trade with money you cannot afford to lose. If you need personal financial advice, consult a financial advisor.
We are not licensed to provide you personalized investment advice. Nothing in these communications should be construed as personal investment or financial advice.
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