WallStScalper

SP from a weekly pespective...Lines adding up !

INDEX:SPX   S&P 500 Index
583 8 2
An updated weekly chart on the SP500             showing the market symetri. The a-b-c move could set the top here at 1666,39 where the fib ratio is 200. However ... The SP500             is in an parabolic move up right now and could extend with a 5th wave up so that the summer will bring a wave 4 down ..possibly as an pennant and at the same time working off some of it's overboughtness. Late summer could then bring a 5th wave to 1694 where you see the dashed black line comes in and crosses the Andrew pitchfork median line and extra purpledashed perallel line. The date of this junction is funny enough the the 9th of march 2015
Wall St Scalper
Like the use of all these support/resistance trend lines with H&S.
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WallStScalper PRO QuantitativeExhaustion
3 years ago
If saying wave (1) was 60pts. Wave (3) was 54 pts. It would limit wave (5) to a max extend of 1677 off the 1623 wave (4) low. Otherwise wave 3 would be the shortest wave.
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QuantitativeExhaustion PRO WallStScalper
3 years ago
Let me sit back and study this some more. I am really confused with the overall EW count for big picture S&P. EW counters are all over the map.
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QuantitativeExhaustion PRO WallStScalper
3 years ago
Funny you mention the plunge protection. I have always thought the US govt. (CIA, DEA, FBI,) uses confiscated drug money for the use of black-box trading.
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QuantitativeExhaustion PRO WallStScalper
3 years ago



Daneric's Elliott Waves
Has charted a parabolic move with a very large correction coming in a few days/weeks.

http://danericselliottwaves.blogspot.com/
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knock QuantitativeExhaustion
3 years ago
Was he a perma bear? Finally a reasonable chart.
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This chart has gained validity with todays price action. LL are coming
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QuantitativeExhaustion PRO WallStScalper
3 years ago
If the Nikkei drop another 2k point I'm on board, until then not likely
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