AndyM
Short

MSFT wave count signals S&P reversal nearby (market crash)

NASDAQ:MSFT   MICROSOFT CORP
I've been closely monitoring MSFT             for the last month as I use it as an indicator of S&P             reversal. MSFT             has a very nice and clear wave structure which between 2000 and 2015 looks like a flat correction (wave A down do 14.87, wave B up to 49.51, retracing 88.6% of the initial decline). Wave C - still to be observed.

I am watching for the last wave 5 of the last wave 5 to complete the ascending wave B and then a decline will start which will bring us to below 14.87 in the impulsive wave 5.

What seems to have started yesterday is precisely this missing piece: the last ascending wave C. I exited my earlier short position in S&P             which I opened at the last high of 2132, and waiting for another top to form in MSFT             and consequently in S&P             in order to re-enter. I expect this to happen next week - with all other markets aligned: Crude will get to its top of the wave 5, DXY             and Gold             will complete its correction. all will be set for a good reversal.

While the reversal of S&P             is taking quite some time, I am firmly convinced that the reversal will happen at around the current levels - it just takes some time for the big machine to brake and turn around. But this will happen. And God save those who are still long.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out