WallStScalper

Dilemma......This could be what's in store!

INDEX:SPX   S&P 500 Index
An Elliott Wave Ending Diagonal with the 5th wave coming in at 2138.04

2138.04 is the 1.618 extension of the subprime top and devils low.
2138 is also a confluence area where the 1.618 extension comes in from the major wave 3 swing high and major wave 4 low at 1821.61

Will it all end in an huge SHS? ...the form is a guess but we will at the beginning of a downtrend see a lower high. So a SHS             is def. possible.

It's the game plan so far. We will see confirmation or invalidation when wave 3 (green) is a the 1.50 fib. A huge blow off from here and it's not an ending diagonal but a normal 3rd wave up . But do we see a Gartley 5.0 pattern (the tilted w in green)...the top is possibly in.

Safe trading ladies and gents!

@BLawrenceM

Music at work:
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http://open.spotify.com/track/3wv0HHwoQjWflwPKvMzRxF
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jangseohee
2 years ago
So pessimistic :-)
Reply
Javier PRO
2 years ago
I like this idea
Reply
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