TradingView
liquidcactus
Sep 7, 2020 1:21 AM

wave 4 expanding triangle in the S&P 500 Short

OANDA:SPX500USD1W
US SPX 500OANDA

Description

⋅
Here's a count I've been tracking for a while on the S&P500.

What is interesting is the Fibonacci confluence around 3585:
  • .618 extension of minor W / Y
  • 2.618 extension of minute w / y
  • 1.276 extension of minuette a / c


In conjunction with the top of the expanding triangle, and trend channel.

Will we get a pullback to 2700 and then a pump to 4000 over the next couple of years?
Elliott WaveSPX (S&P 500 Index)S&P 500 (SPX500)US SPX 500
Comments
Sintar123
⋅
I get that you think it looks like 3 waves up from March low on the SPX, but it is actually an impulse. Look at DJT, that is a clear 5 wave impulse.
liquidcactus
⋅
@Sintar123 yes I have a 1,2,1,2 bull count also, but find the confluence of this bear count particularly interesting. Either way, we get what we’re given!
InkyGrip
⋅
appreciate your chart!
More