April was a bit of a chop-fest in the market, the rally peaking at SP'1422...to fall back to 1357...and then last weeks ramp to 1405. What about May?
SP' monthly, 'the 5 scenario' chart
*there is of course one main scenario not on this chart, and that is where the rally merely continues upward from the current level, without even a 'moderate' retracement to around 1300/1270.
--
'If' we can break the recent low of 1357, then I'll hold to my original best guess of Scenario B.
Anyway, with April ending, I just thought this is one way to end the month..and start another.
Goodnight from London
SP' monthly, 'the 5 scenario' chart
*there is of course one main scenario not on this chart, and that is where the rally merely continues upward from the current level, without even a 'moderate' retracement to around 1300/1270.
--
'If' we can break the recent low of 1357, then I'll hold to my original best guess of Scenario B.
Anyway, with April ending, I just thought this is one way to end the month..and start another.
Goodnight from London
No comments:
Post a Comment