WallStScalper
Long

The 4 of july 1776 at the end of 2013 Bullish EW-count

INDEX:SPX   S&P 500 Index
361 14 2
Most of what's to be mentioned I have stated on the chart. During the weekend I made a comment on nmikes monthly chart. I was agreeing in what he saw....that the bull market looked like to be continued. I see it the same way, with next stop around 1776 at the end of the year. It's a bullish count. Fed has made a live test on how market would react to tapering. It showed a QE addiction beyond imagination. There is only one way now ... to print till..... the end....of ....FED.

I see the following: After minor 1 completes, there will be a minor 2 pull-back to the 1600 area before minor 3 makes a new high above latest ATH             . A potential IHS             can be observed forming with head at 1560 and a neckline close to 1654. It gives a possible target around 1748. It's corresponding to the minor 3 of major 5 target area. Major 5 will then be at 1776
WALLStScalper.com
Still on that 5th wave cycle proposal. I'm still on the 4th wave cycle. You would think a cycle would last more than a month?
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WallStScalper PRO QuantitativeExhaustion
3 years ago
It's a bullish count. Fed have made a live test on how market would react to tapering. It showed a QE addiction beyond imagination. There is only one way now ... to print till the ........end....of FED.
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QuantitativeExhaustion PRO WallStScalper
3 years ago
So it's more of a belief of what the Federal Reserve does rather than the structure of Elliott Wave Cycles that has you believing we are in cycle 5
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WallStScalper PRO QuantitativeExhaustion
3 years ago
I see the following: After minor 1 completes, there will be a minor 2 pull-back to the 1600 area before minor 3 makes a new high above latest ATH. A potential IHS can be observed forming with head at 1560 and a neckline close to 1654. It gives a possible target around 1748. It correspond to the minor 3 of major 5 target area. Major 5 will then be at 1776
Reply
QuantitativeExhaustion PRO WallStScalper
3 years ago
I'd like to see that Inverted Head and Shoulder proposal.

200 days for cycle 2 to firm up and most likely near 200 days for cycle 4 to firm up
snapshot


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QuantitativeExhaustion PRO QuantitativeExhaustion
3 years ago
snapshot


More looks at EW counts and scale of size
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Oh if only trading were that easy think we close above 1700 by end of year but more summer downside
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QuantitativeExhaustion PRO blackmarkt
3 years ago
we could be wrong, that's the popular opinion right now.
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WallStScalper PRO QuantitativeExhaustion
3 years ago
I can be wrong too... but like to be the contrarian. Looks like wave 1 has topped at 1626,61 with a wave 4 into wave 1 violation at 1615,64
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myselfbtc
3 years ago
if this scenario become reality then the down trend will be huge and can end under 500
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7pasos PRO
3 years ago
Now the conversation have more labels on the chart here are my take:
Short term bull but long term big bear
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WallStScalper PRO 7pasos
3 years ago
Well! Not disagreeing that much after all ;) I have a target of 1947 for the SP-500 P5 in the next year or 2.
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QuantitativeExhaustion PRO WallStScalper
3 years ago
Is there a fib extension that goes to 1776 ?
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Mikke2130.
2 years ago
i HERE A LOT OF INVESTOR AND TRADERS SAY THIS IS A MINOR SELL-OFF AND I WANT TO TELL ALL OF YOU THERE WRONG. THE MAJOR SELL OFF HAS ALREADY BEGUN. THE S&P 500 HAS ALREADY FORMED A PERFECT MONTHLY WOLFE WAVE PATTERN WHICH IS IN STAGE 5 EXTREME, WHILE MOMENTUM HAS ALREADY TURN DOWNWARD. THE MARKET WILL NOT ADVANCE SIGNIFICANTLY ANY FURTHER. THE DECLINE WILL DROP TO THE 700 TO 600 AREA. SO ANY ONE HOLDING STOCKS OR INDEXES FOR THE LONG HAUL ARE GOING TO LOOSE GREATLY. CHECK OUT THE WOLFE WAVE PATTERN.
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