sum1
Long

SPX IN BEAR MARKET ( 3) W/ PARALLEL lines PROJECTED PATH

FX:SPX500   S&P 500 index of US listed shares
93 2 1
Just ADDED PARALLEL CHANNEL.

IN GREEN IS FROM YEAR 2000 HIGH TO 2017 HIGH THEN TOUCHING THE LOW OF 2009 LOW.

In Blue from 1980s low till 2009 low and worked up till year 2000 high for projection. Yes then there is throw over.

So there are tow deviations. I wish I can go back to all the way 1800 to draw those lines to be accurate. But what ever data I have available in Trading view and publishing. Thanks for any constructive criticism or any new ideas. Please share your Charts or you can help me to improve my charts too as it is learning community.

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AlbCM
4 months ago
levels and dates for tops and bottoms?
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sum1 PRO AlbCM
4 months ago
Level are for both tops and Mostly Bottoms. No time line as we can't predict how or when the market will bottom. But my monthly charts indicators are highly diverged and almost similar pattern like 2008 bear market. But my weekly charts are still strong so not prone to bear market yet. Tops are not done yet as per Elliott Wave but I am not a hardcore EW trader. So new highs may coming in future months. But for me if you want to go short look at the weekly chart how they develop before you go short. At least see how 2/3 weekly closes shapes up and creates trend lines in daily chart. I always let the market play for a while to see the trend before I jump in. There will be always opportunities in the market, but I want to catch the right one at the right time.
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