SP500 Rhyming with Nikkei 225?

4 thg 8, 2018

The chart on the right is a correction in the Nikkei 225 back in 2013/14. I couldn't help notice the similarities with what is happening in the SP500 right now. My blue count for the SP500 suggests that there might be a final leg higher before any major correction while the red count has a called an end to the B wave already with C starting these last few days. Lets see if the markets are indeed rhyming this time.....

12 thg 9, 2018

Ghi chú

If the SPX breaks above it's August high then I will be inclined to follow this alternative count. Definitely looks possible at the moment as I can see lots of other indices looking to bounce today. Watching and waiting.

10 thg 10, 2018

Ghi chú

Ummmm. Interesting.....

18 thg 10, 2018

Ghi chú

Other things to look out for here: Will it turn into an expanding flat or a running flat?
Am I totally wrong and a major top has just formed?

11 thg 12, 2018

Ghi chú

I reckon it's still rhyming. But it needs to turn up now to keep doing so.....