Updating my weekly count, trying to make an integrated technical analysis.
I think it's time to share my second EW count on SPX, according to which the index is about to drop hard very soon. In this count, I'm expecting long-term Primary A (dark red) to be an ABC rather than an impulse. If that will be the case, then one more push to the upside to complete current Minute wave b, and then... second tsunami's crest?!
Updating my count. Let's see if institutionals confirm the triangle or if they prefer to manipulate price into some different direction...
Menu for Christmas: - FED offers a rate hike; - Santa Claus offers a little triangle.
Making some little adjustments and imagining a little bit further. Well, so far so good as what my plan is concerned, let's see if it keeps that way (which I hope not, but I'm afraid it will).
Just lowering a degree on the waves since 27 July.
Updating my last count with some more lower degree labeling. The red ascending trend line has not been broken yet (need a confirmation), and, although the HA candle kept being black, it made a higher high, so if price keeps rising and makes a white candle... Yesterday's rise seems to me as having a corrective structure, more precisely a C=2xA zigzag, so I'm...
An EW rule for LD states that wave 5 always ends beyond the end of wave 3, so I correct my last count.
Let's see if price keeps rising or if it breaks down both near trend lines... that would be the sell short signal, who knows pointing down to wave B of a regular flat.
Current decline is corrective and to deep for being my previously proposed wave (4), so... ... eliminating a long term assumption... ... recounting waves... ... re-imagining waves... ... and keep hoping to be wrong in the long term....
I'm counting dark green 4 as corrective, so I'm changing the previous dark green a-b-c to an impulse, giving room to a final 5th wave up. Therefore, I'm long in the short-term, looking forward to sell soon. One important sell signal would be the break down of the trend line which has been supporting the rally since the beginning of October. So, it seems to as...
My last count is wrong as LD are 5-3-5-3-5, not 3-3-3-3-3, basic mistake of mine. So, posting my alternative count and projection. By the way, here are the assumptions on which I've been basing my monthly and daily counts: a) One should analyse the monthly S&P 500 chart with a log scale, due to the price magnitude involved. b) The rise from October 2002 to...
Correcting wave "a" of "(4)", painting some more detailed ideas on wave (5), and hoping my country's situation won't be the fundamental reason for at least some part of the ED's final leg... Please be aware I'm an amateur in these things (as you've probably seen already) and that I haven't seen this counting anywhere else, so it's most probably wrong. :-)
Just imagining the start of a big final corrective wave... Of course it can be all wrong and Obama keeps buying stocks... let's see!
For the collapse: - Global debt without enough economical growth. - Currency war, with US Dollar and Euro being defeated. After the collapse: - One world currency, digital. - Global debt policy. For the collapse in 2035, global leaders will come up with huge mistakes again... and we'll keep living in cycles.
Hello, traders! It looks to me as things are getting seriously ugly. This could be the beginning of wave E of an expanding triangle that may have started on the dot.com crash back in 2000. If so, wave E would be tremendous, taking S&P 500 below 666,79... Just one more idea, 2134 corresponds to the 360º level (maximum for the positive side) of Gann Square of Nine...