Get started
Teklologist

SPX500: EW 4 TGT 2000-1800

Short
S&P 500 Index (FX:SPX500)  
Teklologist Updated   
FX:SPX500   S&P 500 Index
Fibonacci Chart Patterns Wave Analysis S&P 500 (SPX500) SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY) S&P 500 E-Mini Futures US SPX 500
8
1
fibonacci chartpattern waveanalysis spx500 spx spy es1! spx500usd
Chart says it all.
Comment:
Yellow fib is a copy of white fib that only displays relevant levels to show wave 3 ended, i.e., price has reached 1.618 extension of wave 1 (~2001 timeframe).

Purple fib measures from wave 3’s beginning to end to forecast wave 4’s correction.

Peak in 2008 is wave B of 2001’s correction. Wave B corrected more than 100% wave A.

I think wave 4 will happen much quicker and sharper than wave 2.

I think wave 5 will be sharp and happen quickly.
Comment:
Potentially ending bull run on a completed wave (an impulse wave 5, impulse sub-wave 5, or as part of a corrective wave B). Has an extended sub-wave 1, corroborated by sub-waves 3 + 5 = .618 length sub-wave 1.
snapshot
Comment:

Related Ideas

Teklologist
SPXL vs EDC US-China Trade War
Teklologist
Potential Market Megaphone Collapse
Teklologist
SPX500 in the danger zone
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.