INDEX:SPX   S&P 500 Index
538 5 10
The 2 ABCD harmonic patterns are on the daily time frame about to find there conclusion by building an ending diagonal on the daily chart .

Notations on the chart tells the story.
If price action doesn't turn around here .. SP             is going much higher... if so - inflation should be on it's way!
Good luck to the BTFD-crowd...I see SP             turning down when the ending diagonal is over
Time will show... as always!
Safe trading ladies and gents!
Music at work:
Wall St Scalper
2 years ago
Buy pullbacks
WallStScalper PRO BuboWaveTrader
2 years ago
One opinion... maybe not yours... but I agree to the most of what he's saying,

We will not see markets goes strait down in a couple of days but buy the fucking dip like for the last 5 in my opinion ..gone and a dead strategy that should not be followed or conducted..... at least as long FED is not issuing a new buy program or stop tapering.

Sure there will be counter-rallies lasting for a day up to a week, but we have a new situation in the markets ... to cope with the challenges it brings is essential.
Nothing is for sure yet. We could see a major wave 4 being formed over the summer and then a test of the double top...sure, but until there is solid ground under that possibility
I will be nimble on buying longs in the market.... Let the market prof it selves. BM
ZigaZaga PRO WallStScalper
2 years ago
confused. surely never buy into a falling stock ever. most SA permabulls are saying just ride it out, don't panic. yeah, if you can afford to wait 10 years... then again, are the numbers a reflection of impeding mega-inflation?
The ending diagonal as mentioned above
Update Finally found you major 3rd wave
2 years ago
I like it and here is my expectation: wave 4 would be down to 1740 -1800 around mid May then wave 5 will be formed from there up to 1940 area by the end of June/July. Afterwards, a big downside move will be happening just like Marc Faber mentioned that a 1987-style crash is approaching in months
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