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:
https://www.youtube.com/watch?v=8WYHDfJDPDc
http://open.spotify.com/track/3wv0HHwoQjWflwPKvMzRxF
I like this idea
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So pessimistic :-)
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