JohnBaron

An idea on harmonics and EW for SP

JohnBaron Updated   
SP:SPX   S&P 500 Index
A little messy chart - my working chart so I apologize in advance for the indicators and lines.
In short w4 for C of B for EW fans is in play which should end arond 271x
w5 should carry SP to 278x range completing the harmonic, it's possible to extend higher but lower probability.
Then Wave C begins down, with two possible targets if it works out to be flat.
Comment:
keep in mind also that XIV liquidates Feb 20th.
Also DXY is possibly in wave 4 - wave 5 down still possible to help push SP up
Trade closed: target reached
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