Long-Term View – Big Picture:
SPX is currently Bullish, preparing to finalize the 3rd Impulsive Primary Wave, withing the 3rd Impulsive Cycle Wave.
On the Short and Medium term, we are expecting S&P 500 to continue gaining for the first Quarter of 2017 and then Consolidate and give back some its gains, as per the 4th Corrective Cycle Wave.
The second half of 2017 is the most important in our view and we are awaiting the Final Bullish Wave and the end of the Bullish Supercycle.