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

-------------------------

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