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FibonacciGang
Jan 21, 2018 3:27 PM

First Elliot Wave Analysis! Predicting SPX Crash 

S&P 500SP

Description

elliot wave analysis shows SPX reaching overbought zones...

expect crash very soon (target is March - May)

feel free to discuss

Comment

CRITICAL LEVEL : 3000

I do not hold any positions btw

Comment

Seems we have topped off at 2800. Expect a head and shoulders formation just as we did back in year 2000.
Comments
thesilverbullet
Watch the Dow and try and time the top from there. Then short the S&P only after a confirmed top on the Dow chart.
GuyJeb
I agree. the MACD is insanely over bought.. even Haejin is calling a Mid 2019 massive crash.
BillyNare
I have been waiting for a crash since 2015. Sitting silently in the bush, like a Lion stalking his prey. Ready to strike at the most precise moment. Some may say I'm an idiot for sitting on the sidelines while everyone else is getting rich. Yes I know, it doesn't sit well with human emotions constantly meddling with your head. I say to them, patience..Timing is EVERYTHING. When the right moment comes, like the patient Lion, I will unleash my fury. Then, and only then will I have my prize. Ladies, and gentleman the market will crash. When it does, make sure you are cash ready.
kll
3000 is also highly likely a pretty strong resistant Number.
DonnyLukehart
I really enjoyed the technical "holy shit we're going to crash" premise point! LOL
This market has been so unpredictable, but with the potential of having the market open Monday with the gov't still shut down, presents an interesting catalyst for at least a few days worth of black candles.
I guess we will find out!

FibonacciGang
@DonnyLukehart, the most interesting aspect of technical analysis is the concept that the market makes the news, and never the other way around. Interesting to see that current news and my analysis is lining up haha! Excited to see what the next couple months has in store.
kll
@DonnyLukehart,

Ya the market will answer us very very soon lah
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