SPX500-The stock market is crushing as expected. What's next?

FX:SPX500   S&P 500 Index
2491 9 12
Hello, i don't trade stocks but five months ago i published a chart talking about the inminent crush of SPX500:

Three months ago i called it "the D-day":

I took some more time, las week the stock market crushed and many invertors are in panic.

I'm not a Wall Street analyst and dont like to talk much. This chart is telling me that this is just a needed correction before market continues rallying.

My prefered area for a rebound is the opposite bollinger band and projected EW channel for wave 4 circled.

The correction seems to be forming an ABC zigzag , so i will be sharp and quick.

Best regards.
Are you not buying Prechter's view of a B wave rally? Don't you think it makes the most logical sense with a stimulated run-up that ignored the 200lb gorilla by throwing more $$ at it?
IvanLabrie PRO NickCoulby
I think that's the case, top at year 2000.
The 3 wave thing is ok in a terminal impulse, but not sure that's the case here.
NickCoulby PRO IvanLabrie
Yea I mean everyone is entitled to a personal count, and Prechter's exact timing of the B wave completion has been off many times.. But I think he is spot on with his interpretation of it all as a B wave with the economic background. Have to see the forest from the trees..
FullTimeTrader NickCoulby
Hello, im not a suscriber of ew.com, i know there's a count of an expanded flat correction, i'm keeping it in mind. Anyway the directions are the same: i expect here a correction here to area shown on my chart an then the rally to continue..
NickCoulby PRO FullTimeTrader
I'm not either, I was just curious how you logically slapped a wave (1) onto a 3 wave correction?
NickCoulby PRO FullTimeTrader
And how are you keeping the expanded flat correction in mind by attempting to label this advance as a 5 wave structure? That would imply it's not a B wave rally.. Are you keeping it as an alternate?
NickCoulby PRO NickCoulby
Your description says you are CEWA level 1 certified, so I am just looking for some clarification.. Certainly not trying to disrespect your perspective or anything.
Isn't your labeled wave (1) a 3 wave structure?
Agreed !
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out