S&P 500 DOWN to 2011 next week Short

S&P 500 index of US listed sharesFXCM

Description

⋅ Apr 10, 2016 3:26 AM

Three drives pattern on going.
Or we are on wave 5 down, expect a retrace to 1.272(2023.7) or 1.618(2011.3).
Then probably A up to .618(2047), or the TP of Three drives pattern.

Comment

⋅ Apr 10, 2016 3:47 AM

or A up to the whole pattern's .618(2037), the pattern starts from 2079 to 2011

Comment

⋅ Apr 10, 2016 4:12 AM

Revise the chart in the comments, a TP further down is 1981.4

sp500index Three Drives

Comments

hankchef

⋅ Apr 10, 2016 4:09 AM

To revise the chart a little bit, if we take drive 3 top as the start and 1.618 extension TP of it, we get 1981.4