markrivest
Long

SPX Horizontal Triangle complete

SP:SPX   The S&P 500 Index
70 3 3
My last post noted the SPX             was close to completing an Elliott wave Horizontal Triangle.
I thought the pattern would complete today 9/21/16 in the first hour of trading in the area of 2130 -2135.

The SPX             rallied on the open and never got close to the target zone. What happened appears to be a rare nine wave Horizontal Triangle. In this particular pattern the wave "E" subdivides into a regular five wave Horizontal Triangle.
That what looks like what happened today.

A post triangle thrust up is probably underway on track to reach the target zone of SPX             2230 -2260 by 9/30/16 -10/03/16. This target was in one of my more recent post.
If the SPX             reaches this target it could be the conclusion to the bull market that began in March 2009.

Mark
markrivest MindTrader
Hi MindTrader

Thanks for this information.

Mark
Reply
MindTrader markrivest
thanks mark .
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out