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SP500 below 1.000 within April 2016....

FX:SPX500   S&P 500 index of US listed shares
Looking at the tops of 2000, and 2007, it is interesting to see where we are 06. Nov 2014 in price and time related to these two former tops.
Calculating the time from the Sept. 2000 to the October 2007 top, and then extend the 85 bars from 2007 to November 2014. Markets can be due for longer correction. Adding the pitchfork shows the index streched on price.
The downmove in 2000 took the SP500             - 48% in 668 days. The downmove in 2007 took the SP500             - 56% in 518 days. If we calculated the shortest move in price and time, markets can end up below 1.000 within March of 2016. Comments?
Lynx
2 years ago
Nice pitchfork. The prediction is perfectly possible given that the historical trend would be at around 1200 right now.
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K155MY4R53 Lynx
2 years ago
What do you mean by "historical trend"?
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Recluse82
2 years ago
could be real, nice one
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DanV MOD
2 years ago
Thanks for sharing. Excellent chart. I like the time symmetry. I suspect that in comparison to 2000 and 2007 tops we are making a top of much larger degree of cycle. hence it could decline lot more than the previous 2. Nevertheless even dropping to a 1000 level will prove very devastating. Here is my anticipation in chart posted few months ago as comparison.
SP500 Bearish Outlook - Close to forming Generational Top
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Recluse82 DanV
2 years ago
i love this chart :-)
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DanV MOD Recluse82
2 years ago
Thanks
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pride
2 years ago
he last 2 big corrections 2000-2002 and in 2008 are very huge and unusual.. 3rd time in arow droping like these before i think the possibility is below 1%.if corrects from here expect a similar move like 2011..i dont agree with your analysis think the most possible is that the bull will contunue or sideways action till the next leg up.
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DanV MOD pride
2 years ago
Thanks for your comments. If you are referring to 2 big correction arrow on my chart just above, it is only to indicate that we could expect abc zigzag correction and if so it is possible outline. However, the actual price path might turn out to be completely different. You might be right in that we want have big correction but rather painful extended sideways move. I have that as alternative possibility. However, the larger cycle correction in the horizon required much deeper correction hence retest of 2009 low as the minimum is my main expectation right now. Hope this helps.
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jangseohee
2 years ago
Whisper: The central banks are looking at this chart... there might continue to jack up the price LOL :-)
+2 Reply
jangseohee jangseohee
2 years ago
Sorry: They
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Timing is key
2 years ago
Hello,

If we break at least 2 weekly lows, the reversal should be in, I had the same fork a while back along with some nice Action/Reaction Lines originating as far back as the April 94 Lows! This also points to some very important 7 year cycles terminating Oct/Nov 2014. In the past century we have had many collapses and panics at 7 year units ( Can be +/- 1 year ) 1987 + 7 = 1994 + 6 (7) = 2000 + 7 = 2007 + 7 = 2014. If we get the reversal, the drop to the median line has a high probability around 1560, if it then zooms through the median line again 1000 ( approx at bottom pitchfork parallel ) is the next target. Nice pickup on replicated correctional targets.

Sincerely,

TIK

Reaching for the extreme! on the S&P500
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RodneyHypolite
7 months ago
Hmm! I think the END of 2016 BEGINNING 2017 March 2016 /April 2016 far tooooooo soooon
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