Today's Short-Term Outlook And Vector Analysis On The S&P 500
Look for a bounce to at least the quarterly EBD unbiased (grey spaced) forecast echovector and possibly to the unbiased 4AM (solid grey) quarterly echovector (QEV EBD FEV). In real strength the market could test the white downvector from last Friday's and yesterdays highs, and even the blue monthly FEV. The latter would be extremely bullish going forward into next week's open and might indicate a short term however tenuous bottom was put in this week.
Reviewing Today's Short-Term Outlook And Vector Analysis On The S&P 500
we can see market strength rallied us up to the best case scenario for this morning trading block, being a rally to the blue monthly FEV. this is a very positive response to short term oversold conditions. From here the market may try to test upvector support on Monday along the developing peach colored channel.... if prices level can hold later this afternoon.