This is the END(ing diagonal)

Oct 24

The ending diagonal has formed. If you check RSI you will see a double daily and fresh WEEKLY divergence. It will crash hard next week. 6480 is the first target, but it can be just a bounce area. 1.618 level from low to top of the diagonal is at 6400 level on SPX and at 6300 level on US500 - I think we can get a flash-crash into this area next week. And if this is a reversal, it can trend down to February peak and lower according to fibs.

Oct 24

Note

Divergences

Oct 26

Note

Maybe it's still wave 3, so I have published an idea on Nasdaq which suggests it can take a little more time. So if it goes above 6814 the ending diagonal won't be invalidated.

Oct 28

Note

Still think it's an ending diagonal. But the target is higher now (6650 area).

Nov 8

Trade closed manually

6650 reached. Can still go a little bit lower, but if my expanding ending diagonal idea is correct, the next wave up will be bigger than previous one and will take more than a month.