SP The Case for New ALL TIME HIGHS

SP The Case for New ALL TIME HIGHS

by | Dec 21, 2020 | free

#SP The Case for New ALL TIME HIGHS I can’t count how many times during the day I hear talk about a re-test of the recent low. As no one else seems willing, I am here to talk about the realistic potential for a more significant test of the high and possibly more! Prices held the bottom of the up channel and did spring from below my 2350 downside objective. One possible Elliott Wave scenario to make this happen is pictured as an expanding fourth wave triangle. The upside retracements to watch are the bearish 62 just above 2900 and the more likely 76 near...
The Updated case for SP 2350

The Updated case for SP 2350

by | Dec 21, 2020 | free

Last week I presented this long term count which actually suggests this debacle to be “sudden disappointment” in a long term bull market….Stand by as prices near weekly RSI support following the recent divergence on the...
Bearish call for SP 2350

Bearish call for SP 2350

by | Dec 21, 2020 | free

The case for SP 2350 #sp I believe there is no way to argue the recent price behavior to be corrective to the upside which supports the case for a fifth wave diagonal triangle top. The monthly RSI divergence is part of the scary scenario for a dramatic fourth wave correction. The fourth wave of smaller degree is fairly close to the bottom of the up channel as well as a 38% retracement. If 2350 is coming it is likely to happen in the next few...
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