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S&P 500 Index
Long
Updated

SPX Midweek at 8/30/2017: Elliott Waves

253
Updating mid-week adjusting for volatile day on 8/29/17 with strength of wave B off day's low. Extending timeframe for wave 4 correction to conform with alternate (now primary) view.
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Quick move on 8/30/17 to short term target area of wave B (2465). Sold Long position and looking for entry position for wave a. Neutral and looking to short based on trend.
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On target as shown with spill over to 2475. Awaiting 9/1 open for possible short position for start of a of C downward move.
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Story still on track with new short going into week of 9/5/17 expecting wave c movement as shown
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Have to consider the bull case (added 9/3). If that alternative happens and SPX support holds at 2456 area the short will be terminated.
iamthewolf
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S&P 500 (SPX500)Wave Analysis

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S&P 500 (SPX500)Wave Analysis
iamthewolf
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.