markrivest
Long

Updated Long Term SPX Elliott Wave Count

SP:SPX   S&P 500 Index
489 views
9
489 1
My long term SPX             forecast top remains at 3050 probably some time in August 2018.
Update on long term time forecast will be posted soon.

The reasons for the wave count change are.
1) The proportion of the supposed cycle wave "4" - boxed is too large to be a wave four correction of the rally from February 2016.
2) There is a Fibonacci relationship between the supposed Intermediate waves (1) and (5)
Wave (1) growth rate was 35.57%
Wave (5) growth rate was 58.71%

35.57/58.71 = .605 which is very close to the Golden Fibonacci ratio of .618.

Mark
I like your chart,
wish u can Follow me.
and you can refer to my publish.
We can do more discussion.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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