FX:SPX500   S&P 500 index of US listed shares
538 6 9
1) There is this channel starting early 2014 which i see very difficult to break to the upside.
2) we are still under wave 4 of the move since Oct14 and this wave 4 could fit a "d" move down.
3) most rallies since Mar09 lasted less than 6months except one.
4) most of these 6months rallies were smaller than 17%.

here i see the possibility of an extension to 2155 on the 19th of June.

That would be an extension of 2 months and 2%, it would also coplete 5 waves

The question right now: where are the next 2%. My take which you know if you follow me: DOWN and i would reverse at 2040.
YaKa PRO HamedAghajani
good observation to keep in mind. thx
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Hi YACINE, that extension seems not happening - finally topping?
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YaKa PRO LEONES
i think 2040 and rebound to a new top.
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If the SPX/ES can not take out current highs it would suggest it's making a similar pattern to 2011 highs.
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I agree. We are going to have a 200/260pts correction which will be similar to 2011 in points but smaller in percentage (you have used a linear chart - which makes sense with the 200pts correction)
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