S&P500 Outlook According To STOPD on May 6, 2015

By Lawrence

First quarter high rejected at the top yellow area.

Fall down to previous year high / close zone at the lower yellow area.

Now the break down is in place. First quarter midpoint marked by the red zone is in play.

If SPY can close above previous year high by Friday (i.e. back into or above the lower yellow zone), the selloff is contained.

The red zone is touched every month so far this year. Can May be an exception?

Read more about Special Theory of Price Discovery (STOPD)

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