following the spx500 count, we are in the of wave 2 of wave 5, wave 5 to last at least 15 months from february 2016
we are in the wave 2 of 5 ( wave 5 of the bull market which began in 2009 ) on sp 500, it should go back at about 2000 14700 then 14200 on ftse mib, then it should go up at 19-20k for the next year following sp 500
at least 10% fall from 9000, so 8000 is expected but 7700 is very likely
on the monthly chart histograms tell us that a bull cycle is beginning, but first a pullback
when macd does not go below and makes a minimum at 0 it's a bottom of a bull market now it's the opposite, the top of a bear market
head and shoulder of histograms, histograms lost their strenght means that a bearish cycle is beginning 3775 then 4000 then 3700