SPX; ending diagonal before the crash? Short

S&P 500 IndexTVC

Description

⋅ Feb 5, 2017 2:54 PM

Looks like an ED is forming and we are at wave 5 if that.

Since wave 5 of EDs tend to overshoot TL, I will be watching that 1.618 level closely.

⋅ Feb 9, 2017 3:52 PM

Getting there

Comments

ewtrder

⋅ Feb 16, 2017 3:34 PM

I guess you mean abcde? Aren't we in an extending wave 3 which is still unfolding?! ;-)

kll

⋅ Feb 6, 2017 5:13 AM

Agreed with your S& P analysis.Likely One final push and big retracement follow

FeldWill

⋅ Feb 5, 2017 9:51 PM

Somethingsimilar I've picked up in NASDAQ