cguthrie922
Long

Timing the Next Market Top; Don't Wait Too Long

SPCFD:SPX   S&P 500 Index
I keep narrowing my projection for the top of the market as more days elapse and more data comes in. I have been contrarian to the 'pundits' and still strongly believe the market will top before the end of 2018. I am right now projecting a near-term top to occur by the end of this week or beginning of next week around 2930. This will wrap up intermediate wave 3 which is presently in minor wave 5, minute wave 5.

I have intermediate wave 4 ending down around 2841 around October 5, 2018. After that, the final market top should occur between November 1 and November 16, 2018. The final top should occur slightly above 3000. I initially forecasted the top above 3100, but do not see the top occurring higher than 3070. All of these moves can be monitored in the interactive chart below. The white box was one of my more recent projections, but the green box is my current forecasted zone for the top.

I recently published my article detailing 8 stocks that have been great forecasters of market tops. These symbols indicated the tops in 1987, 2000, and 2008. The full article is free as always at ElliottWaveIdeas.
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This is my Big Picture Top:
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