Major SPX Top Forecast at 3050 in May 2018 - Part Four of Four
The US stock market is seasonally bullish from November to May.
Within the current nine year bull market two intermediate tops have occured in May.
May 2011 and 2015.
The DJI could hold a clue to the termination time for the bull market from 2009.
Between January 2000 and March 2009 the DJI formed an Elliott wave Expanding flat correction.
The entire correction was 110 months. (Fibonacci 55 x 2 = 110)
Perhaps the bull market from 2009 will terminate after 110 months - sometime in May 2018.
Mark
Within the current nine year bull market two intermediate tops have occured in May.
May 2011 and 2015.
The DJI could hold a clue to the termination time for the bull market from 2009.
Between January 2000 and March 2009 the DJI formed an Elliott wave Expanding flat correction.
The entire correction was 110 months. (Fibonacci 55 x 2 = 110)
Perhaps the bull market from 2009 will terminate after 110 months - sometime in May 2018.
Mark