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SPX Opening Call 3/22/17

TVC:SPX   S&P 500
20
Today 3/22/17 could be a choppy day. The best Elliott wave count has the SPX possibly forming an Ending Diagonal Triangle from the high at 2360. If so there could be a small rally after the 9:30 AM -ET open then a decline below the low 3/21/17 There is Fib support in the 2340 -2337 area.

If the SPX bottoms in that area there could be a rally up to resistance in the 2360 area.

SPX 2280 -2300 remains the price target for Minor wave 4 bottom, bulls-eye target day remains 3/27/17.

Mark

Mark

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