Is This Decline A Clue To Something Greater

SPCFD:SPX   S&P 500 Index
Intermediate wave 3 has lasted 67 trading days, but the latest bull run appears ready for a break. I have conducted derivative analysis on all of the movement in this super cycle wave 3 to identify where the next bottom will occur. It appears set to occur by October 24, 2018. The following are potential turning points for this bottom.

I have bolded the most likely levels:



The full analysis is free on my site.
Expand Your Knowledge
Elliott Wave Ideas
Twitter: @chrisguthrieusa
Thank You
According to your chart data

2882.17 --------------- .236% Fib
2845.81 --------------- .382% Fib
2816.45 --------------- .500% Fib

Im wondering if today's low is it?
It came real close to .236 Fib

Do you think we go lower?
@ecramer, rarely is the decline a 23% retracement. The other figures and derivatives still have another day or two of declines on horizon. We should find the bottom by middle to end of next week.
navinifty cguthrie922
@cguthrie922, is today low can be bottom
@navinifty, we are in wave 5 right now. the morning drop looks like wave 3 inside of the final wave 5. we should have at least 2-3 more hours before we see the bottom, but it will be today or tomorrow at the latest. VIX options have been great. It is almost time to go long again
navinifty cguthrie922
@cguthrie922, thanks
navinifty cguthrie922
@cguthrie922, Can this be the low
@navinifty, most likely. I wouldn't be surprised if the market gapped up in morning and the gap does not cover for a while. The complete corrective wave has achieved all movement. This does not mean wave 5 will not continue but it is likely over. The market has not achieved a drop of this magnitude in one day for years. The fundamental and not technical traders will most likely see this as the "buy the dip" position and begin buying again. I know the top of the market is coming, quick. Some of the big stocks may not recover from today and the last 5 days as they are already in their bearish declines
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out