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.
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.
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
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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