The price exhaustion signals for the S&P 500 (SPX) are starting to become clearer, From the daily SPX chart, TD Sell Setup is a hand’s reach away from the TD Trend Factor at 2432.98. This could possibly coincide with another price exhaustion signal through TD Combo Sell which is just two counts away from a 13. Pair this up with the weekly SPX which is one count away from a TD Combo Sell @13 and two counts away from a TD Sell Countdown @13. If everything unfolds as projected, set the sights on reversal signs.
S&P 500 (SPX) SHORT/INTERMEDIATE TERM OUTLOOK: BULLISH
Neutral if daily SPX closes below 2391.17 on Monday, May 8, 2017
S&P 500 (SPX) INTERMEDIATE/LONG TERM OUTLOOK: BULLISH
Neutral if weekly SPX closes below 2348.69 on Friday, May 12, 2017
S&P 500 (SPX) LONG TERM OUTLOOK: BULLISH
Neutral if monthly SPX closes below 2278.87 on Wednesday, May 31, 2017