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S&P 500 Index Set To Cool Down For Labor DayBased on derivative analysis. I am projecting Minute wave 3 just completed and we have entered the corrective wave 4. The wave should end over the next 2.5 trading days. I project the bottom will occur within the first 2.5 hours on September 4, 2018. The bottom should also occur between 2870.91-2886.50. All of these targets are based off of the moves that have occurred over the course of Intermediate wave 3. This wave began at the end of June. My projection is wrong if the index breaks above the recent record high of 2916.50 before the end of trading on Friday August 31. If this occurs, We are still in Minute wave 3 (and that top is most likely about to occur). I am closely monitoring the index. Intermediate wave 3 will end in September, most likely near the end of the month. Intermediate wave 4 should end no later than the second week in October. The final wave and major market top for now should occur within the first two weeks of November and potentially a result of something below. When the US markets fall, I would attribute it to US election results (perception of potential impeachment attempts), failure to reach trade deal with China, a major geopolitical conflict/war, North Korea issues, or failed passage of the already agreed upon trade deals with the EU, Mexico, or Canada.
SP:SPXShort
by StockSignaler
1