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Local SPX Elliott Wave View: Ending wave 3 soon

Discussion in 'Food, Drinks and Dining' started by joeclark, Aug 19, 2017.

  1. joeclark

    joeclark Junior Member

    Revised short term Elliott wave view in SPX suggests that the rally from 1/23 low is unfolding to 5 waves Elliott wave impulse structure where Minor wave 1 ended at 2301 and Minor wave 2 ended at 2267.2. The Index has erased momentum divergence at the peak suggesting it is likely still within Minor wave 3 higher. Internals of Minor wave 3 shows an extension and subdivided also as an impulse structure in which the wave is ended at 2289.1, Minute wave ((ii)) ended at 2271.6, Minute wave ((iii)) ended at 2400.98 and Minute Wave ((iv)) is in progress and may reach as low as 2366 - 2371 area before Index turns higher to complete Minute wave ((v)) within Minor wave 3 towards 2408 area. Afterwards, Index is expected to see a pullback in Minor wave 4 before turning higher one more time in Minor wave 5 and end cycle from 1/23 low.


    I did not find the right solution from the internet.

    References: https://stockaholics.net/threads/the-stockaholics-chart-of-the-day-thread.4114/

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