8 Jul 2016 - EOD, EOW

Review Last Week's EOW post where it was suggested prices would be looking to move for HH.  This week should show the importance of technical analysis through time frames.  Obviously it is hard to view and decide on which signals to follow, but with practice and experience of analyzing multiple time-frames, it does get easier.

SEN: Bullish
ST: UP
PA: UP
R: NA

As stated last week, the upper BB line at 2169 was the price to target, but everything is dynamic, and this weeks move in price and signals have moved that upper BB line to 2173.56.  So while the upper BB line pushes up and down, we can see a possible range price could meet.  On a EW level, This minute formation of a top or HH could equal that of the 1st wave made from the Feb. lows to the high on Feb 22.  If so, then the ideal 1= 5 target would be 2141 SPX level.