rajatb9703

rajatb9703

Could reach .618 on larger ABC and go down toward 1 or 1.618 extension. Key level is .618, algos trade toward golden ratio

rajatb9703

confirmation on trend-line break. Should be retested on correction wave of larger wave c

rajatb9703

Elliot wave and fib number

rajatb9703

Based on patterns and symmetry, test of 5000 seems like a possibility. 4 hour rsi and macd starting to show bearish divergence. 5 waves almost seem to be in, push to 8300 was the 5th of the 5th in my opinion. Daily chart shows lower highs but higher highs for rsi, this is usually a bearish sign overall.

rajatb9703

Should retest 1.18. Rejected by top of channel and down ticking on Weekly macd

rajatb9703

Looking at the S&P on Log scale, you can clearly see 5 waves up. 2001 crash was wave 3 completing point D and 2008 crash was wave 3 completed. From then on we have been on the 5th wave. In my opinion we are currently on the 5th wave of the 5. By looking at Fib extensions seems like 3000 is the area to be looking at for reversal. The Rsi also seems to be forming...