Click here for a live, and updated chart!!!6:36, Here is the updated Fib fan chart, with the current levels for support and resistance marked.
Click here for a live, and updated chart!!!6:28, The 2nd wave has now retraced close to 100%, odds are favoring the Gray count, although the old count is still valid, the TA does suggest we still have more upside.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCB9lgPlHLrHckcs82AXi6g5GkWljXfMnGi0T6QTA5p6kiZ0opbrt1yIh1JyYvQaFOU5myXn5T7gsbImWeyQpluMRvike2VIalXq5b-P3SbxmP1SkxxcBXHX0G4AzsFHVDcmqLD_7TRIDx/s320/53.png)
This is another chart I use for the short-term trend, and it also is bullish.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjupRJMP6f0EXXdeyUjeX-ZDxo7yW8TMwz-fJiO0VbExnyKZYFcit38VYzcHHgLJSyEaYJ7XDEt6IgMg_67BAcjIz-QkDCCbhRu4jRxoXkfYbN4SXHPd0On8oli9xaDserTUN15GQozp_Tm/s320/50ma.png)
The number of stocks that are above their 50 day Moving Average also is steadily increasing. This is one of the charts I use for the Trend finder, and it is still showing bullish signals.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiWlGOQuxHvlEKkOSKajlU_PydIib806KaPx3JKK7xVmss9a17LajzMhP1SiPw70XOwjyTVT0_gBomcWPV4ggzqMj3tMqUFqAAcvF6WlUUbyD2qZJ9g4Qz1CO72L6ES5SgzNiNtrrhVwUYE/s320/si-23.png)
The Summation Index has not printed a red bar in the last eleven trading days, and has been on a steady up trend, now accelerating higher. I expect the SPX to trend higher until the SI starts to consolidate, and then print a couple of red bars before going bearish.
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