The broader upward trend continues

Despite a down wave from sp'1955 to 1925, the broader bullish trend remains very much intact. Equity bulls look set to push higher next week, with viable upside to the 1960s, possibly 1970/75 on an FOMC spike. From there... another wave lower into late June.


sp'weekly8b

Summary

*the above count on weekly'8 remains my mid term 'best guess', but as ever..one day at a time.
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So..a 30pt down wave...which is not even 2%. I still think many traders - especially the doomer bears, are getting lost in the minor noise. The primary trend - as better seen on the weekly/monthly charts, remains outright bullish.
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*I hold long across the weekend, via CHK, an index block, and WFM. I will seek to offload before the FOMC announcement of next Wednesday (2pm).

Goodnight from London
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*the weekend post will be on the US weekly indexes