A fools errand - calling tops in SP500

14 Ara 2016

Calling a top in this market has really been a fools game these last few years but here's a call anyway. My analysis is based on a very dubious Elliott wave count and the mid line of the parallel channel drawn from where I have called waves 2 and 4 of the uptrend from 2009 and parallel with my wave 3 of May 2015. As ever, I am expecting to be wrong.......but you never know.

15 Oca 2017

Not

Creeping higher. Will be looking for a break of the trend-line.