cfetrader
Long

S&P 500 forecasting

FX:SPX500   S&P 500 Index
80 2 3
The chart above is just a personal EW view of the probable future S&P 500 index             oscillation pattern. Assuming 1840 was the end of wave 4 or A then the current rise could drive values up to 2167 without altering the characteristics of a wave 3 or c. However after the predicted pivotal date of February 1st, the type of motion will be clarified, i.e. wave B or 5.3. As always the market will guide us through the relevant technical signals altering as necessary the above plan.
Continuing on the subject of forecasting, herein presented is yet another (bearish variant) chart adopting this time Dow Jones data.

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cfetrader cfetrader
PS: Graphics correction. In the chart above the first (c) should be erased since the actual (c) is composed of (a)*-(b)*-(c)*.
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