Thursday, August 27, 2015

On the four hour S&P 500 (SPX), after a few volatile twitches, the SPX recorded a bullish price flip. Here are some upside levels to be aware of for Thursday. If the SPX closes above 1970.89 (daily bullish price flip), probability is high for the SPX to test the initial breakdown at the 2051.40 level. Keep an eye on the our hour TD Sell Setup since this the momentum rally gauge. If the TD Sell Setup stays active, then the rally stays on track until possibly next Monday, August 31st, where the four hour SPX will record the 8 and 9 counts. If the SPX cannot close above 1970.89 on Thursday’s close, then a resumption of the selloff stays alive.  Screen Shot 2015-08-26 at 9.07.33 PMScreen Shot 2015-08-26 at 9.07.21 PM

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One Response to Thursday, August 27, 2015

  1. Gary says:

    Thanks for this, Art. Very helpful –

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