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herdelphiniums
Nov 15, 2017 6:25 PM

SPX, bears coming? (Weekly view) Short

S&P 500 IndexTVC

Description

This multi year bull run has showed us clear 5 beautiful impulses. Price at TOP of channel, and we are finally seeing some signs of exhaustion. A 3 waves pull back is expected back to 0.5 FIB at least where we can find prev structure too, not sure what's going to be the trigger, but be warned.

Comments
jeffreyjim
"I" like your post. --- "Thanks"
"I" have a question for you. --- "In a very nice way"
Do "You" think the "May, 2011" High could be "Wave 1" of "Wave 3" ?
Do "You" think the "October, 2011" Low could be "Wave 2" of "Wave 3" ?
Do "You" think we could be "Topping "Wave 5" of "Wave 3" ?
With "Wave 4 and Wave 5 Left to complete ?
From the "Great Recession Low" ? --- March, 2009 Low
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