Here we are.. At the end of the road!

SP:SPX   S&P 500 Index
502 9 1
I know it ....never call a top.....but many indicators are pointing at the same spot or in the same direction.

BUT I'm neutral to bearish on the SP500             .

Some figures:

Fib 1,27 is being hit exactly at 1763
The harmonic pattern has a bearish setup
The Shiff Andrew pitchfork is hit at it's top
The trend lines .
EW A=C (or wave 1=wave 3) in length.1779 is the actual level.

Whether or not it's theeee top or we only will have a bigger correction - remains to be seen. In the EW-terminology we have had 3 waves now. If we are to have a 4th and a 5th...hmmm
....as always..... Time will show!

Safe trading Gents!


Music at work:
We have a 3rd time of testing the top in the SP500 with a tweezer top each time. What bullish argument can still be given for the SP not to turn down?
There is no chance of a cup and handle only a double shouldered IHS is left with a slightly higher high target at 1795......but but....but hmmm. Safe trading gents! BM http://gyazo.com/843a2559daa9c736c99eaf1648e4e4d7
Harmonic patterns lining up (My newest chart)
It's acttualy very negative to be ....that positive: http://gyazo.com/12ca76fbbfa63c18fd5a2d6fb6e0e2a3
Well We are at the end of the road: https://www.youtube.com/watch?v=Z-KGioUxnqA
Well! https://www.youtube.com/watch?v=Z-KGioUxnqA
Hi BM,

You mention "1779 is the actual level.". So shouldn't it hit 1779 first in order to complete the formation?
The 1779 is the line in the sand for the EW - not the fib. The 1779 is where you have the exact level for wave 1 equals the length of wave 3. I believe we will eventually hit the 1779 target. At that time the thrill will be to see whether or not we back off and retrace. I believe that if we crosses the 1779 level we will see a wave 4 and a 5. If not we are heading over a year or two under 666,67. For the coming trading week I still see the Ending Diagonal ending around 1763 and then back off to test the lower trendline of the Ending Diagonal (The Wedge you see on the daily and weekly chart.
This chart shows the fib relationship In the ES http://imageshack.us/i/6w95ip (Not possible to attach)
WallStScalper WallStScalper
The link is not working...hope this does: http://imageshack.us/f/248/95i.png/
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