Updated SPX short wave 4

2 Eyl 2017

Based on EW analysis and most statistical fib ratios combined with existing supports. Wave 4 should be a double zig zag as wave 2 was a flat. ABC-X-ABC or 2 downward impulses, this is the real question.

A few weeks left...

2 Eyl 2017

Not

5 Eyl 2017

Not

5 Eyl 2017

Not

Bullish scenario has been potentially invalidated by a wave 4 retracing into wave 1. Looks like the selling pressure was too strong. The chart above shows the wave A of the correction: XYZ. If this scenario becomes bearish indeed, I expect Z to be either a ABC, zigzag or triangle. Time will tell.

From now on, I will short every spike up until 2404.

5 Eyl 2017

İşlem aktif

Short1, TP 2420

5 Eyl 2017

Emir iptal

I actually will sit this one out. Weird times. Big gap up. Futures climbing up at the speed of light... Will update.

12 Eyl 2017

Not

Looks like this scenario is unfolding. I started building the short position too early though, because im weak. Fun times.