markrivest
Giá xuống

SPX Short Term Elliott Wave Count 12/17/16

SP:SPX   Chỉ báo S&P 500
123 lượt xem
10
123 2
When using Elliott wave analysis there's a bullish and bearish interpretation for any pattern. One factor to determine the correct count is the clarity of the pattern. Most of the time the clearest pattern is the correct count.
Most of the time does not mean all of the time, as on occasion the less clear wave count turns out to be the correct count.

On the surface the pattern from the SPX             top on 12/13/16 is choppy with a lot of overlapping waves - the signature of a corrective pattern. Detailed analysis of the move from 12/13/16 reveals a bearish wave count. The one minute SPX             chart shows the details of the bearish count. *Note - Tradingview doesn't allow publishing of charts less than 15 minutes in scale.
Applying Elliott wave rules,the count illustrated is a valid bearish interpretation of the SPX             pattern from the 12/13/16 top. This, combined with the longer term evidence I've recently posted about the SPX             leads me to believe a very important SPX             peak was probably made at 2277.50 on 12/13/16.

If the count is correct 12/19/16 will probably have a rally into the illustrated target zone.
As noted in a prior post the SPX             is bullish above 2285.92 use 2285.93 as a shorting stop loss.

Mark
Mark,

Excellent illumination, excellent well written and illustrated article.

If their is the rally you project coming up in the S+P, divergences may be seen all over the place, and a genuine
shorting opportunity could present itself.

COMPLACENCY still abounds, and would only build on the rally you see coming.

Thank you,


Joe
Phản hồi
markrivest The_Unwind
Hi Joe

Thanks for the comment and information.

Mark
Phản hồi
VI Tiếng Việt
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Trang chủ Bộ lọc cổ phiếu Bộ lọc Forex Bộ lọc Tiền điện tử Lịch kinh tế Cách thức hoạt động Tính năng Biểu đồ Quy tắc Áp dụng Người điều hành Giải pháp cho Website & Nhà môi giới Widget Thư viện Biểu đồ Chứng khoán Yêu cầu tính năng Blog & Tin tức Câu hỏi thường gặp Hỗ trợ & Wiki Twitter
Hồ sơ Tùy chỉnh Hồ sơ Tài khoản và Thanh toán Ticket Hỗ trợ của tôi Liên hệ Hỗ trợ Các ý tưởng đã đăng Người theo dõi Đang theo dõi Tin nhắn riêng Trò chuyện Đăng xuất