SPX Roadmap Update March 2024

19 Mar

Critical time ahead if there is to be a pullback. Likely Fed triggers final push before a potential reversal

6 Nis

Not

Good initial break this week but needs more work into mid May

12 Nis

Not

This is working. Around 4940s is viable

21 Nis

Not

4940 was tagged on futures but on cash was slightly above. This still leaves Monday to close cash futures divergence but there are min waves in the structure to be counted as complete. So far the min size for this initial leg of the correction has been achieved.

4 May

Not

2 weeks of consolidation so far after the initial leg down