YaKa

SP500 - Path untill Sep15 and Potential Crash thereafter.

FX:SPX500   S&P 500 index of US listed shares
736 6 12
The area 2000/2020 is utterly important right now.

If broken, it will allow to get out of the 2009 Cone: a major technical event.

Then there could be a few more rebound on 1960 (Yearly Pivot ) before a callapse after the Sep15 expiry: a repeat of last year sequence but deeper this time.

I am not certain of this scenario but it is realistic once DAX             has reached 13,000... especially a few months after that.

Let's review:
- SP500             more or less reached its top a few months ago.
- Nasdaq is carrying on at or more modest speed.
- DAX             could still be ballistic until Jun15.
- Nikkei just reached its top area.
>> After DAX             potentially reaches 13,000... all indices will have reached their top area...
>> A few months after that is when the market can fall hard (not straight away).
The correction is over, looks like wave 1 was indeed wave 1 of 5 and not the full wave 5. Safe to buy now, SL=2035. Target at least 2160 for wave 3 completion. Then will follow wave 4 and 5, and then the game will be over.
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Well. This is the market place buyers and sellers at each point.

I like your convinced attitude and your optimism. This is officially still a but market and I am open to your scenario.

There will be legs up until September that I foresee and will play long.. Let's see how far they bring.

However, I have been listening to the pulse of our patient for a bit and really can't see where it is going to take the lift much higher from.

I think the correction is not over here> 2010/1960 target and I think 2140 would retain in June (the best case at that point of time (not now).
+1 Reply
The correction is over as it did not cross the beginning of wave 1 which started at 2040.90. Wave 2 ended at 2041.10, just 0.2 above the beginning of wave 1. This 0.2 made a huge difference. Had it crossed 2040.9, the bullish market would end. Folks who bought at the end of the correction just saved the world (for a couple more months :))) Of course all can happen and if the market moves below 2040.90, then all longs need to be closed for sure.
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Ok Sir. Let's end this convo and let the market tell us.
+1 Reply
0.2 point huge diff??? cmon, get on earth and check es chart, which crossed your "start of w1", 2040 was just another support
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maybe your count could occur, lets see, check http://elliottwavestockmarket.com/2015/03/25/sp-500-elliott-wave-technical-analysis-25th-march-2015/, but there are alternative counts as always, my point at es chart was misleading because of rollover
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