GWaves
Long

SPX | Heading Into Uncharted Territory | S&P500

TVC:SPX   S&P 500
Hello Traders,

Looking at a long term view of the S&P500             , the predictive/forecasting model has produced the following numerical targets:

High Probability = 2335.3
Medium Probability = 2536.0
Low Probability = 2830.1

The lower the probability of attainment, the higher the probability of reversal.

Stay tuned for this multi year chart as I will update it far into the future.

Best,
Chartistry
Comment: UPDATE: Decline in the first quarter of 2017.

snapshot


Hello Traders,

Expect a small decline for the first few weeks in 2017. The decline will satisfy the Wolfe Wave created at the Weekly level. The reaction off of the 1-4 line will be a strong one as price continues to find its path toward 2335.3 and 2536.0.

More updates to come in the coming weeks.

Best,
Chartistry
Comment: UPDATE: Hello Traders, as of this month SPX hit the first target of 2335. A close above 2335 would validate a high probability move to the next target of 2536.

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I'd be curious to see here how steep this leg up will go....and how quickly it will fall.

Best,
Chartistry
After surpassing 2335.3, do you still see a decline into the 1-4 line in Q1? Thanks for sharing.
Reply
Hello @millie, apologies for the late response! At the time of posting, that was my expectation. But as of right now there is no sign of slowing down. Expect the next target of 2536 to be hit. I will update this post then OR if there is a major movement that requires me to update this post.

For now, the forecast and targets remain in tact and in force.

snapshot


Best,
Chartistry
Reply
Thank you for your Charts and if i may here is a possibility , even though the 1-4 Line has been intersected i still feel there is more room for Price going Higher as i have indicated on my Chart .
snapshot
Reply
Hi
Do you have a time frame for the price targets?

Mark
+1 Reply
GWaves PRO markrivest
@markrivest, Hi Mark, the one thing I cannot calculate is time in the markets. The only method I know of that can time the markets is the use of Gann Lines, which I have no experience in.
Reply
Hi

Thanks very much for the reply.
Its too bad, your pricing method could work perfectly and there is a chance the levels could be months or even years away.

Mark
Reply
GWaves PRO markrivest
@markrivest, That is very true.

Although, looking at long term fundamentals. Interest rates are set to rise and the new administration will likely pull out of TPP. These two events could happen within the next year affecting the stock market negatively.

If the market is to reach the levels indicated in the chart, it would have to be a rather strong & quick move, relatively speaking. This is purely speculation though as I don't use fundamentals in my analysis.
Reply
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