My opinion: - SP500 has completed its wave III from Oct11 since Dec/Mar15 already. - The only reason why it has been stabilized for so long was to allow the bullishness to be expressed in Europe. - Technically it has been supported by the line taking most bottoms from feb13. - Note that wave 5 = wave 1 = 16% (if the count is correct).
>> Expecting a wave IV that should be in the 10% magnitude/ 1 month. >> Then wave V should launch and could be 16/30% and last 5/7 months.
>> locally if i am wrong about the imminent correction, SP500 could catchup to 2155 but it would be too perfect/Obscene.... I dont think so.
I think it is tired/wants to breath but could not so far. Let's see the next 4 weeks.
Comments
LastBattle
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Nice update as always :) Keep it going.... would love to hear from more diverse opinions around TV.
Justiceisfalse
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I think the SPX keeps pushing and we see the ES_F push to ~2140 in which case the following plays out in the bonds:tradingview.com/v/a90xwRzr/
YaKa
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Not sure how the TBond plays but SP500 at 2140, although possible, would be obscene as it would be extremely perfect. So i tend to think not.
Here there is a doubt, there is risk.
There? you short like a pig right? not going to happen.