SP500daytrader: MEJT stock market forecast and patterns for 6th MAY 2019

buy-sell

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Saturday, May 4, 2019

MEJT stock market forecast and patterns for 6th MAY 2019

It's was an honor to hear Mr. Jeffrey Tennant call me friend..., yes it was me who reminded him how beautifully the target @ 2900.87 worked as support.

Are we heading towards 3000 SPX?

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Monday's pattern is expected to be the one with an early high, a mid-day low (around 13pm) and a late high. Tends to be a strong rally day .

Some valid examples for Monday's pattern:

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Intermediate term analysis

2 weeks chart giving a sell signal at this double top and we have a new moon today the 4th of May, usually change in trends starts around new moon (rallyes at full moon):