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S&P Possible Major Correction to $0 (Seriously)Elliot wave analysis showing the market is currently at the top. With the current state of affairs in the world, and the fact that wave 2 can retrace 100%, this leaves open a very good possibility of a total market collapse that still conforms to Elliott rules. On a large scale, we are entering a wave 2 correction. The standard correction can be expected to last 10 years like the previous cycles. However, if the correction ends up being a combination, and the world has continued on its current path, panic will quickly set in and all the fun will be over by 2033.
SP:SPXShort
by mikemillion
11
This is How The S&P 500 Index Will RallyI saw the drop that just happened prior to it occurring. I did not see it dropping so quickly and well beyond typical intermediate wave 4s. With this most recent retracement covering 92% of all of wave 3's gains, it is time for the final uptrend to begin. Intermediate wave 3 took over 50 days to gain what intermediate wave 4 nearly lost in 14. My final analysis has the index regaining around 300 points in 25 trading days. This seems nearly impossible, but so was the recent decline. I have identified 15 possible levels for the top to occur. These levels are based on Fibonacci extensions, correlations to the other intermediate waves, and historical movement of the index since the beginning. The levels of interest are below. The bolded numbers represent the most likely top in my estimate. 2887.05 2911.46 2936.33 2948.32 2957.69 2967.80 2999.66 3034.38 3036.00 3065.17 3065.37 3094.74 3131.08 3145.97 3383.19 The full analysis is available at my site for free along with other data.
SP:SPXLong
by StockSignaler
4
Timing the Next Market Top; Don't Wait Too LongI keep narrowing my projection for the top of the market as more days elapse and more data comes in. I have been contrarian to the 'pundits' and still strongly believe the market will top before the end of 2018. I am right now projecting a near-term top to occur by the end of this week or beginning of next week around 2930. This will wrap up intermediate wave 3 which is presently in minor wave 5, minute wave 5. I have intermediate wave 4 ending down around 2841 around October 5, 2018. After that, the final market top should occur between November 1 and November 16, 2018. The final top should occur slightly above 3000. I initially forecasted the top above 3100, but do not see the top occurring higher than 3070. All of these moves can be monitored in the interactive chart below. The white box was one of my more recent projections, but the green box is my current forecasted zone for the top. I recently published my article detailing 8 stocks that have been great forecasters of market tops. These symbols indicated the tops in 1987, 2000, and 2008. The full article is free as always at ElliottWaveIdeas.
SP:SPXLong
by StockSignaler
1
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
Hold On To That Bull Market, Buck Off AheadThis is our projection for the end of the bull run. Further analysis can be found on our sites. Upcoming events impacting drops are US government shutdown. It would occur on a Monday if it happens. Usually lasts 2-5 days. Expect this to be a down week (Intermediate Wave 4 on chart). US midterm elections. The shakeup possible to rattle stocks is democrat control in House and/or Senate. The election alone could be seen as rougher waters in Washington leading to contentious new laws or lack of law passage. As my projection sits now, this event occurs around the same time I see the market top and end of Supercycle wave 3, Cycle wave 5, Primary wave 5, and Intermediate wave 5. Time will tell...
SP:SPX
by StockSignaler
Western Digital (WDC) Set To Rise When Market FallsI have been forecasting a market top around October-December 2018 for quite a few months. Most stocks I have looked at are also pointing to a top around that timeframe. This one stock does not appear to fall with the rest of the market based on trend and derivative analysis as well as Elliott Wave Theory. My analysis is pointing to a top between 140.54 - 174.62 between March 6, 2019 and October 7, 2019. I am leaning to beginning of July 2019 around 150.94.
NASDAQ:WDCLong
by StockSignaler
1
My Elliott Wave Analysis Found Next Major Market TopBased on my analysis of the Elliott wave that began around 1993, we are coming to the top of the third SuperCycle wave. SyperCycle Wave 1 ended with the market top in 2007 prior to the popping of the housing bubble. SyperCycle Wave 2 ended at the bottom in 2009 and we have been in SyperCycle Wave 3 ever since. I project the market top to occur between November 1 and December 31 this year (2018). The good news is my projected level is 18% higher than where we are now. My market top for the S & P 500 is between 3160.12 and 3194.67. Based on this timeframe, I wonder if the real world catalyst rekates to the North Korean peninsula matters, surprise in 2018 mid-term elections or some other event. I encourage other Wave Analysts to share your thoughts.
SP:SPXShort
by StockSignaler
2
Consolidation Forming within DOW Jones FuturesLooking at the DOW Jones Futures, I noticed a consolidation pattern forming. YM1! has been consolidating for the last two weeks or so, and it's next move in either direction will be a swift and powerful one. Introspectively, I am bearish on US Equities for a platitude of reasons, but I have to remain unaffected by my own personal opinions, and keep them strongly felt, but weakly held. If you go back and look at past history, you can see that when a market reaches a top, or when a market is in a bubble, there is a last ditch effort and price action higher. How high is impossible to predict. What is possible to predict are the human emotions that cause these inflationary periods at end of bubbles. The end of a bull run is where you have "stupid money" come into the market. Money where friends are hearing from their friends that they're making money and the market is going up like crazy. It's this money that fuels the growth higher and prices even higher. Because of this, we could very likely see the DOW jump through its initial resistance at 20670, and then venture to try its next resistance at 21155. Safe to say I'll be watching for both of these scenarios. The probabilities are in line with a short thesis, however, if I am wrong, I hope I am smart enough to take the other side of the trade and ride the stupid money infusion. All the best, RC
CBOT_MINI:YM1!
by BrandonBeylo