"All human activities have three distinctive features: pattern, time and ratio - all of which observe the Fibonacci Summation Series" (R.N. Elliott - "Nature's Law - the Secret of the Universe" - 1946)


Sunday, September 1, 2019

Elliott Wave analysis of SPX index


September 17 2018 , chart published on www.ChartPatternsTrader.blogspot.it/

WARNING !!! TOPPING!!!


Wave [3] TOP took place on September 21 2018 
and is still valid in Elliott Wave perspective.

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CURRENT OVERVIEW

SPX 

Preferred scenario

Long term (monthly chart): bullish (Cycle wave I), bearish (Primary wave [4])
Medium term (weekly chart): bearish , intermediate wave (C/Y)
Short term (daily chart): bearish minor wave 3 / w

monthly chart

weekly chart

daily chart



SPX 
1° Alternate scenario

Long term (monthly chart): bullish (Cycle wave I) , bullish (Primary wave [5])
Medium term (weekly chart): bearish , intermediate wave (2)
Short term (daily chart): bearish , minor wave y


monthly chart


 weekly chart 

daily chart 
ElwaveSurfer

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