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S&P 500 Index
Long

SPX - Starting the ''post'' election move today.

By Schnauzel
While the B wave was more violent than expected, which is often the case with those beast who try very hard to confuse me ;-) , in terms of timing it's well within parameters. To confirm that the C wave is underway : first we have to go back into the 1st wave territory (2115), then go above the falling yellow line which stands around 2123 at the opening today. Over the course of November we should then completely retrace the A wave (2154). This is a minimum target. It also is also a .618 retracement of the 1st wave. But since the 2nd wave has an irregular flat structure, the C wave could go higher (2169-2180), as long as it does not make a new all time high.

Happy trading
Schnauzel
Elliott WaveoversoldSPX (S&P 500 Index)
Schnauzel

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