FX:SPX500   S&P 500 index of US listed shares
1044 18 16
EW bullish count

Notations on chart

I remain bullish as long as 2043,4 is not taken out and expecting 5 waves up to end bull run.
The Broken Arrow - ED count will be invalidated at 2212,94. I mentioning it due to a IHS             is also setting up with target around 2010/12.

If bearish .... the top of wave 2 up could already be in - due to not making a HH
It's tricky here many counts are still open... but this is what I see right now!

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What do you mean?
+1 Reply
jangseohee WallStScalper
entered too quickly, nothing on the ? ^_^
+2 Reply
Yes I agree. It's there. ED count will be invalidated above 2212.94. Possible target is in the area as I have marked. Could be a nice trap for the bulls (retailers) though. Time will tell. :)
+2 Reply
JohnKeverich jangseohee
It would be very unusual to see IHS at the top.
+2 Reply
jangseohee JohnKeverich
hi John
u share you sentiment but DAX was a great example when it drops to 8000
+2 Reply
WallStScalper PRO JohnKeverich
Yes fully agree! I see it as a bull trap...the last 3 ihs' setting up in SP haven't played out either ... so fully agree but just showing it so the technical picture is right. The ending diagonal count is invalid above 2212.94.
+1 Reply
and if it goes to 2043 ???
+1 Reply
WallStScalper PRO VivaciousVibrantVixen
Then a bearish count and trend reversal is in play on daily chart ...the top was possible in may with the latest move up to 2132 the top of a wave 2.
Surprise will then be to the down side
+1 Reply
Quick update... but you should follow me on twitter ...
Let see if this is going to happen. I see a possible reversal from here.
+1 Reply
WallStScalper PRO WallStScalper
The chart :)
+1 Reply
So the move up has started... later than first expected but on it's way
+1 Reply
WallStScalper PRO WallStScalper
And right on track: https://twitter.com/BLawrenceM/status/625894879797899264
+1 Reply
Target for my Bearish Bat posted yesterday at my Twitter Account about to be reached
+2 Reply
WallStScalper PRO WallStScalper
Look this way yesterday

+1 Reply
You are doing some nice charts Thank you!
+1 Reply
So far so good....
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