YaKa

SP500 - Base Scenario Adjustment for 2015

CME_MINI:ES1!   S&P 500 E-MINI FUTURES
183 5 2

After reviewing the situation.

Taking into account Draghi on the 22 Jan15.

Taking into account the strong support at 2000/1990.

Taking into account that the market may want to have 3 oscillations at the top to complete 5 waves and mark a kind of local triple top, on this third top since June14.

I come with this. this is my best predict right now. It may change and will repost if so.
Now, why should the market drop so hard? Especially now, when the US economy is growing at the fastest rate since 1990s? And how is Mr Draghi relevant to US market?

I agree, that if the support at 2000 is broken, a real breakdown can happen, but 1800 is overdoing it.
Reply
YaKa JohnKeverich
Market decides. We shall see.
-1 Reply
why not you post yearly or quarterly chart, Yacine?
Reply
jangseohee JohnKeverich
Happy 2015 John,
falling to 1800 is only a Decent correction, doesnt sound hard to me if it does happen!
Reply
i like it this way :-) but Mr. Market might not
Reply
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