S&P 500 IndexLong
Can we end up tomorrow?
We are either still in Minor wave 3 down or may have begun Minor wave 4 up. Based on the current data, Minor wave 4 should last 7 to 10 to 13 hours. The 7th hour is near the close on Friday and the other targets would be Monday. After Minor wave 4 up is completed, Minor wave 5 should take the market down some more to newer lows next week.
Minor wave 3 so far has extended 192% beyond Minor wave 1 which is very close to the original targets. In fact I was only off by an hour in placing the end time for Minor wave 3 (if it is actually finished of course).
The retracement levels in the middle relate to Minor wave 4 potential endpoints. The pink levels are the most specific datasets, light blue are slightly less specific and then yellow goes more broad. Best forecast right now is a top between 4410-4420 by midday Monday
Minor wave 3 so far has extended 192% beyond Minor wave 1 which is very close to the original targets. In fact I was only off by an hour in placing the end time for Minor wave 3 (if it is actually finished of course).
The retracement levels in the middle relate to Minor wave 4 potential endpoints. The pink levels are the most specific datasets, light blue are slightly less specific and then yellow goes more broad. Best forecast right now is a top between 4410-4420 by midday Monday
All forecasts are based on analysis of past behavior. Prior movements are not always indicative of future movement. Develop the theory, test the theory. Do your own research. Nothing in this analysis constitutes advice. YouTube For More. Good luck!!
Related publications
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.
All forecasts are based on analysis of past behavior. Prior movements are not always indicative of future movement. Develop the theory, test the theory. Do your own research. Nothing in this analysis constitutes advice. YouTube For More. Good luck!!
Related publications
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.