Sami...first of all congrats for all the analisys, really appreciated. we are going to have a SIGNIFICANT top, in my opinion, on the second week of august on SP500, i rekon we could go up reach 4600, more or less, and then a crash of about 10%. what do you think?
samitrading
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@MESSO91, Hey buddy thanks for you kind words and glade you like it. Using seasonality bud as a guide we should get a a top this week or by this coming Monday. Using
Elliott/Wedge both have a target of 4500ish or so (Check chart below ) the problem with all this top analysis is that it never worked well for me in the past year or so
so much liquidity in the system they are buying every 1-2% pullback let alone if we go 5-10 %. The market is just "Ready" for more than 10 % pullback IMO Hurst's cycles is
around the corner for 18M "Trough" All roads lead to Rome = All roads lead to a big drop/correction the question is when/where & what's the catalysts.
Hope this would answer your question, wish you all the best.