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TOPIC: SP 500 - Elliotts Wave Monthly

SP 500 - Elliotts Wave Monthly 09 Jan 2016 18:35 #1

  • remo
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The news is always behind ;)
Richb wrote:
The previous bull rally on the monthly seemed to have 5 waves up that stuck out like a sore thumb as well ... gives us hope the bull isn't dead yet I guess, however currently the chart currently looks ugly and needs a massive day today but to me it doesn't really feel like a proper bear raid just yet its not on the news 24/7 yet about the markets crashing either ....



SP50020022007.jpg
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SP 500 - Elliotts Wave Monthly 09 Jan 2016 18:34 #2

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hi madmaxx....long time no hear. hope you are doing ok bro. :cheer: :cheer:
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SP 500 - Elliotts Wave Monthly 08 Jan 2016 10:07 #3

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Hi, Happy New Year All, I didn't post here for years but I still looking from time to time, some of you may remember me. I'm busy with other things in my life. Just see this post and thought it might be helpfull to you if i share what can happen next with the markets, please bear in mind this are not my charts but this predictions is similar at two diferent EWT guys. As always please DYOR.
FB_IMG_1452169576987.jpg
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Last Edit: 08 Jan 2016 10:22 by madmaxx.
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SP 500 - Elliotts Wave Monthly 07 Jan 2016 20:21 #4

  • Ronmould
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...when i said 400 point hammer i was talking about dow, mixing up my indices....looked like we might get one for a couple of hours, looks like more down now!
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SP 500 - Elliotts Wave Monthly 07 Jan 2016 15:29 #5

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The previous bull rally on the monthly seemed to have 5 waves up that stuck out like a sore thumb as well ... gives us hope the bull isn't dead yet I guess, however currently the chart currently looks ugly and needs a massive day today but to me it doesn't really feel like a proper bear raid just yet its not on the news 24/7 yet about the markets crashing either ....



SP50020022007.jpg
Last Edit: 07 Jan 2016 15:30 by Richb.
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SP 500 - Elliotts Wave Monthly 07 Jan 2016 12:33 #6

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I'd agree with that Rich - not sure 4 is over yet though, think we're still in the C wave...although there's always the possibility today is the turn and we get a nice 400 point hammer!
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SP 500 - Elliotts Wave Monthly 07 Jan 2016 11:39 #7

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What's your targets for the FTSE100 Remo?
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SP 500 - Elliotts Wave Monthly 07 Jan 2016 11:18 #8

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its way to hard to do a proper count based of a monthly chart as you miss so much info. Not effective.
Your better of using daily charts then you can see all the moves , obviously harder to do.
I think the bull market is over and we are in a correction phase now so best not to go long on any share for the time being.
if this is a correction then id expect the dow to hit around 14000 points minimum based on 38.2 fib from high to low
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SP 500 - Elliotts Wave Monthly 06 Jan 2016 18:57 #9

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Folks,

Can anyone shed any light on my thinking that there is still yet wave 5 up to come on the monthly chart for S & P 500 & DOW ?

Im not elliot wave expert far far from it hence me asking the question.. I've attached a chart of the S & P 500
SP500Index.png
Last Edit: 06 Jan 2016 19:00 by Richb.
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