After this new crazy upward spike in S&P of today, what can we expect? A new ATH in the next 1-2 days, or a lower high (under 4743) and then crash? Could this new movement last 2-3 days, or 2-3 weeks? However, the Dow has still intact the compliance with a similar movement of your fractal of Oct 1997, that is going to around 36155-36200, I estimate in the next 1-2 days. How do you see it now?
@JakubKonieczny, That is exactly how it should be at this point of the trend!
jmai64
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@JakubKonieczny, The S&P 500 has closed today better than I expected. I see now the futures bouncing more! Do you expect a reversal downward soon or this might the initiation of a long rebound?
jmai64
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@jmai64, How many days of bounce are you expecting before the definitve reversal? I have a similar pattern from 1929 that would imply 0-1 day left. What are your thoughts now? S&P 500 of course.
jmai64
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@JakubKonieczny, S&P 500 is at 4730 again!!! Where do you see the S&P 500 next?
jmai64
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@JakubKonieczny, After this last upward move to 4800 coinciding with year end, what do you think is the next move of S&P 500? Will it continue to 5000 in early January or, alternatively, it will go down from here, as stated in your original fractal?
JakubKonieczny
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@jmai64, I'm not sure... perhaps it's better to wait and let it show direction. I'm guessing more upside through mid January, like you've said.
jmai64
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@JakubKonieczny, I thought that S&P 500 would go higher in early January. However, I still have in mind your fractal and January 5 as a possible day for a relevant top.