SP 500

I still favor higher prices into late July or early August. The recent decline went much further then I expected and setup the perfect long entry. One more bearish"zig-zag", and testing the previous Thursday low is  possible as well.

I tried to  apply the Fibonacci model on the daily SP 500 chart, and got some results.

 

I still got bullish bias about SP500 until the price action prove the opposite.

  You know .......that's life , that's what all the people say

                                    You're "buying" high in April, "short" down in May
                                    But I know I'm gonna change that tune
                                    When I'm back on top, back on top in June............................
Enjoy the weekend.