selvamB

S&P 500 TOPPING PROCESS

Short
selvamB Updated   
SP:SPX   S&P 500 Index
A simple Elliott wave corrective structure(A,B,C) having a target of A=C= 4613 is about to achieve this week.
Several times I expected (without confirmation) s&p500 to fall in AUGUST
BULL waves will end after forming an ending Diagonal which is nearing to complete.
My previous counts(bearish) are criticised ,BUT NO ONE expected this recovery wave had such an euphoric strength!!
Thanks to internet,young,algo,new trading community those who pulled out this index by loading lots of borrowed money.
The reality comes next in the name of PUNISHMENT for over exaggeration.
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Comment:
ANOTHER POSSIBILITY
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EXPECT B WAVE DOWN BELOW 4396
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