This is a current chart based on my 2016 predictions
Based on Elliot Waves which are working correctly again. I have been short from the very top.
By the time we reach ES 2590 we should get a bounce. That is 5 waves down in DAILY Elliot Waves.
at 2590 that would be a 38% correction.
If the Bear market continues after an ABC corrective move UP my next target down is 2390.
This would be when we have completed 3 sets of 5 waves down, and a 50% correction from the
lows of 2015 (which I called a the fourth wave correction to the upside in this same chart in 2016).
My final target would be ES 1570. I am not predicting this, but it would be like the corrections of 200-2003
and the flash crash that ended ~10 years ago.
KauaiDave
By the time we reach ES 2590 we should get a bounce. That is 5 waves down in DAILY Elliot Waves.
at 2590 that would be a 38% correction.
If the Bear market continues after an ABC corrective move UP my next target down is 2390.
This would be when we have completed 3 sets of 5 waves down, and a 50% correction from the
lows of 2015 (which I called a the fourth wave correction to the upside in this same chart in 2016).
My final target would be ES 1570. I am not predicting this, but it would be like the corrections of 200-2003
and the flash crash that ended ~10 years ago.
KauaiDave
Comment:
where it says "th 3.79" I actually wrote "the 4th"
Comment:
I actually went long when the Market reached my price target around 3:55 PM, as described in line 1.
Please check out Kauai Dave Pivot Traders on youtube. www.youtube.com/channel/UCNpY7S_s1cxw0cer4PyEEMQ