This is the END(ing diagonal)

6 days ago

The ending diagonal has formed. If you check RSI you will see a double daily and fresh WEEKLY divergence. It will crash hard next week. 6480 is the first target, but it can be just a bounce area. 1.618 level from low to top of the diagonal is at 6400 level on SPX and at 6300 level on US500 - I think we can get a flash-crash into this area next week. And if this is a reversal, it can trend down to February peak and lower according to fibs.

6 days ago

Note

Divergences

5 days ago

Note

Maybe it's still wave 3, so I have published an idea on Nasdaq which suggests it can take a little more time. So if it goes above 6814 the ending diagonal won't be invalidated.

3 days ago

Note

Still think it's an ending diagonal. But the target is higher now (6650 area).