hello,
Below I put my latest analysis for futures contracts on the SP500 Index. According to me we got to the place where the probability of a deeper correction has significantly increased.
Of course, we have scheduled a second scenario saying that in case the course today strongly came to new heights while remaining there until the close of the american's session then you can talk about the continuation of the upward trend with the possible target in 2200 points.
Order closing our transaction set at the level of 2015 points. Our target at the moment is not known. If realization of my forecast, we should observe the market and successively lower the stop order.
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| chart 1. futures SP500 Index, Daily, 2014-09-04 |
best regards,
oscarjp
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