markrivest
Short

Stock Collapse Imminent

SP:SPX   S&P 500 Index
92 0 2
The choppy action in the stock market could be coming to an end very soon. My prior posts have noted the SPX             primary count from the 2/11/16 bottom is a truncated Ending Diagonal Triangle which counts as complete at the 9/22/16 peak. This is a super bearish wave count. Subsequent to the 9/22/16 top at 2180, the SPX             has been declining in what looks like a series of "ones" and "twos". This is also a very bearish pattern and the third wave "II" up could be complete on 10/14/16.

If the SPX             tops in the 2144 to 2150 area the subsequent decline could be a very powerful decline down to SPX             1800 by 11/1/16.
Today 10/13/16 the SPX             had the second test of a .382 retrace of the move up from the Brexit bottom to the all-time high at 2193. If the next decline decisively breaks below SPX             2114.70 it could open the door to a very large decline.

Mark
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