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.

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SPX - new first Alternate count

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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

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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

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