Elliott Wave Analysis of SPX and BITCOIN - 02.01.2020

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

SPX - update preferred scenario

Is the 5th wave of minor degree starting?

Perhaps, but a first confirmation is far: the breakout of 2718

ElwaveSurfer

SPX - Intraday structure

In the event of breakout of  2612.67,

the first alternate scenario prevails.

(see with yesterday's chart)

SPX 60 m.

 SPX 15 m.

ElwaveSurfer

SPX - new first Alternate count

ElwaveSurfer

ELLIOTT WAVE ANALYSIS OF STOCK MARKET INDEXES AND PRECIOUS METAL

TECHNICAL OUTLOOK OF US EQUITY INDICES

Long term : 

Preferred scenario: BULLISH (Top Cycle 2020 - 2021)

Medium term :

Preferred scenario =>  central phase of minor wave 4 with new highs in the summer  

1° Alternate => SPX : initial phase of wave 4 of Primary degree 

NDX: final stage of  wave 5 of Primary degree

SPX

NDX

GOLD

Long > 1375

SILVER

Long

ElwaveSurfer

WALT DISNEY Company : Long term outlook

ELLIOTT WAVE ANALYSIS OF STOCK MARKET INDEXES FOR THE SECOND QUARTER 2018

Lungo termine : preferred scenario, BULLISH (Cycle Top 2020 - 2021)

Medium and short term (US indexes)

preferred scenario => wave 4 correction of minor degree in the middle stage (if triangle) or final stage (if flat or zig-zag) ; possible new highs in the summer.

first alternate scenario : wave 4 correction of primary degree in the early stage

DJIA

SPX

NASDAQ

TOKYO - Nikkey

HONG KONG - Hang Seng

INDIA - Sensex

COREA - Kospi

BRASILE - Bovespa

GERMANIA - Dax

ElwaveSurfer

ELLIOTT WAVE ANALYSIS OF STOCK MARKET INDEXES: OUTLOOK 2018

I finished my three-year term (2014-2017) 
as CFO of an important Municipality;
I returned to the same job so this blog will still be open !

ElwaveSurfer

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2018 could be a two-sided year; 
after an initial correction (January-February), 
new bullish wave (from February / March to May /June), 
then correction (- 15/20% from the next top)

The scenarios are the same since 2 years (see 01.02.2016 post in www.ChartPatternsTrader.blogspot.it )

Wave degree: minor , (intermediate) , [Primary] , Cycle , [SuperCycle]

USA

DJIA
SPX

Preferred Scenario :

Short term Trend : Topping in wave 3 then bearish wave 4 of (5) 

Medium term Trend: bullish wave 5 then topping wave (5) of [3]

Long term Trend: bullish to Cycle Top wave I

GERMAN 
DAX

Preferred scenario:

Short term Trend: bearish wave  4 of (1) 

Medium term Trend: bullish topping wave 5 then bearish wave (2) 

Long term trend: bullish , wave [3] of I

CHINA

Hang Seng

Preferred scenario:

Short term Trend: bearish wave 4 of (3)

Medium term Trend: bullish in topping , 

wave 5 of (3) then bearish  in wave (4) 

Long term trend: bullish [1] di V

Shanghai Composite

 (Preferred bullish, 1° Alternate bearish)

INDIA

Sensex

Preferred scenario:

Short term trend: unclear 

Medium term Trend: bullish 3 of (5) of [3]

Long term Trend: bullish [3] of III

 BRAZIL

Bovespa

Preferred scenario:

Short term Trend: bearish wave c of (2) 

Medium term Trend: bullish wave  (3) of [3]

Long term Trend: bullish [3] of V

KOREA

Kospi

Preferred scenario:

Short term trend: bearish wave [iv] of 1 

Medium term Trend: bullish wave 1 of (3) of [3]

Long term Trend: bullish [3] of V

JAPAN
Nikkey

Preferred scenario:

Short term Trend: bullish wave 3 of (5) 

Medium term Trend: bearish wave 4 of (2) 

Long term Trend: Topping wave [C] of B/X 

1° Alternate Scenario:
Short term Trend: bullish Alt:(5) Me

Medium term Trend: bullish  onda Alt:[5]

Long term Trend: Topping Alt:[5] of Alt:I then bearish Alt:II

Happy New Year
for trading and for Life!

ElwaveSurfer