hankchef

2 possible scenarios for SP500

FX:SPX500   S&P 500 index of US listed shares
7 months ago
1. 15min timeframe forecast.
Scenario 1:
snapshot
We are on waves starting from 2092, now on wave a end (or wave 4 end according to different count), based on the first count as shown in the chart, expect up during the night to retest high of 2105.25 ES(probably only reach 2103ES, the .214 level of wave a), then retrace to 2092.5 (.786 level of wave 1 low 2092 to wave 5 high 2111.4).

Scenario 2:
snapshot
Second count, we are on wave 4 end, then wave 5 will create new highs up to 2116. Although it's unusual to break highs during the Globex session, we could postpone that to tomorrow.

2. Daily
Potential targets above are 2106.6, 2116.1, 2122(Resistance from May2015 high), and >2130.
7 months ago
Trade closed: target reached: 2092.5 target of scenario 1 reached, now expect some bounce, now potentially bearish,
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