SPX Roadmap Update May 2017

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Crunch time coming
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Here SPX could form IHS targeting 2465 on futures while 2479 is the consolidation range projected upwards. In any way, the next 3 weeks leading up to the FED meeting are crucial
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The whole consolidation looks like cup with a handle so far
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FED meeting in mid June has massive significance
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Net positioning is still modest which is positive

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