AndyM
Short

SPX decline targets: 1730 or 1576.

FX:SPX500   S&P 500 Index
763 1 13
Hi All,
Here's an update on SPX             development. The expanding leading diagonal is intact and is developing slowly but steadily. If my analysis is correct we should by now have entered ithe final 5th wave of the decline, specifically it's C-part where the most interesting stuff should happen. If all is right, the decline should continue during the remaining two weeks of the year and should yield a substantial nr of pips to those who have shorted this instrument.

I have two possible targets in mind, and they are shown on the chart along with the explanation. For now it is impossible to tell whether the 1576 targets will be hit or we'll just stop at approx. 1730. We need to watch the development of the trend carefully for now. I'll keep updating this chart when things start to evolve.
Similar view, I'm short and aiming for at least 1850.
+1 Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
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