Watching SP 500 futures whether above close above 2613 ...next two days.. if not sell with target 2512 (38.2) retracement between recent high and long uptrend start level... if unable to hold 2512.. then sell target to close 2412.. triple top reverse almost confirmed on daily and weekly ..need to watch 2600 can be defended.. in coming days or weeks.
Right form 1982 to till date the S & P have moved as per theory (Well Known as R N Elliott ) and if market behaves as per theory then we are looking for One more last push before the Major Crash , this correction can take place nearly 5 to 6 Years ,
One can look for Exiting their position on this rally and can sit on Short sell , the Last push is very near , ...
The S&P500 futures in hourly time frame has given a strong divergence in oscillator, indicating the market might bottoming out. Though it is very early, the setup indicates a good chance for bulls to charge again and the break above neckline would confirm a double bottom.