Stocks: Is there one more charge of the bull still ahead?

I like to sometimes stand back and look at the longer term picture. Here are weekly log line charts of the SPY             and IWM             . The data points are based on the weekly close. Both have seemed to form nice channels. What I find interesting is the price action from the middle of 2014 in both charts looks like an expanding 5 wave triangle. Of course like all patterns I could be seeing or counting it wrong. But if correct it would imply that like there will be one more wave up to complete the long term pattern. Based on shorter term charts I see more down action just ahead followed by a significant rally.

Politically I think this scenario makes some sense since President Obama appears to care about his legacy as much as anything and likely would push for more monetary policy to keep the market afloat til he is out of office. Sentiment wise there seems to be a lot of advertisements about the "crash" just ahead which often means there won't be.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out