SPX500 SURPRICED WITH THAT MOVE

The SPX500 today surpriced me with that strong move, but it does not change the view. The SPX should make a new high above 1,475.

Let see some outlooks:

1. The SPX500 is finishing the FLAT correction with a ending wedge. So we need to go @1,381 to get wave 4 then a new high.

SPX500 15MIN CHART ENDING WEDGE

2. Wave 4 is in place with a WXY correctio hitting a perfect support at the last triangle. Now is moving as a leading diagonal and wave (i) is ended and wave (ii) is @1,415 before to continue higher.

SPX500 15MIN CHART LEADING DIAGONAL

3. The bearish view. The market placed the top and moving down in 5 waves and with the correction made a H&S. So the market should be to begin go down. (By the way: Dont believe in patterns like H&S, everybody trying to find out that pattern and losing money.You must know where you are to determinate if a H&S is good or not. As a post a made today: "Possibility, inverted H&S EUR/USD, but I am still bear", and the market breakdown and the H&S doesn´t work. Keep in mind that)

SPX500 15MIN CHART H&S

The long term view the SPX500 is here looking for the top to then correct to 1,290 or 1,080. the market will decide.

SPX500 WEEKLY LONGTERM VIEW