WallStScalper
Long

SP is "Cryin' Overtime" Before Broken Arrow

FX:SPX500   S&P 500 index of US listed shares
Bullish Count
Within the Elliott Wave ending diagonal!
The chart I call Broken Arrow this is what I see could happen.

It's been one messy chop - almost impossible to count.

But from the dark emerge this bullish possibility!
The SP             has made a wave 4 bottom at 2070 as a double zig-zag and now carving out the last 5th wave.
Why... I can't count latest down move as a 5 wave down.. it "looks" corrective...and it is - in my opinion.

Important notations on the chart

Trade what you see
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@BLawrenceM

Music at work:
https://www.youtube.com/watch?v=8b4uuKtHikg
HI BLawrenceM, next week SPX will try to make new LOW ( testing yesterday ~ 1970 ) after that new ATH. -nitroedi
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I agree that is possible but it will be a struggle. I see Wed as a bull trap that will reverse back to 2070-2040 by the end of next week. Next 2 days will likely be down unless major news event intervenes.
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I'm in agreement. The pattern is even more clear on the daily. I think a new ATH is coming.
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I have a hard time understanding where is the wave 1, 2, and 3 when you are talking about wave 4 and 5 - can you give me a big picture (sorry I am a new bee)
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