Elliot wave count of S&P 500 Index
Updated
Counting back to the 1800's. on a "Grand Supercycle" level, wave 3 began in the 1930's
By the beginning of 2000 we began an inherently Large ABC correction, ending with an (easily observable, in my opinion) C wave after a "throw-over" B wave leading into the current primary wave 5.
I believe that Elliot wave guidelines cannot be broken, Therefore labeling human events on a chart as the historically objective cause of particular market pullbacks/pushes are simply subjective
What human events will occur in the next 15+ year ABC correction? What/Who will be blamed for what is going to naturally take place already?
If you were fluent in Elliot waves during the 2000's - You would have known that a fail to break new highs would mean the beginning of a wave C. Correction lasted from 2000-2009. No US president or other world leader entering or leaving office can influence these unwinding patterns.
This correction is coming, the only person to blame for losing capital is the individual or entity that chose to ignore the warning signs and failed to make the trades. The Federal Reserve System does not "prop up" the market as some believe. One can trade based solely on market technical analysis, real life events do not change that! if you were trading unbeknownst to current events, market direction would be always be apparent from the chart
All market decisions technically made in singularity, unless you've entrusted someone else to make those decisions for you
Look to the higher period moving averages on a daily tf during corrections, as the 20, 200, and 800 MA beat against the 1600 period ma.
Wave 3 has lasted 80+ YEARS! Wave 4 correction is classified on a higher degree than correction spanning 00' - 09'
By the beginning of 2000 we began an inherently Large ABC correction, ending with an (easily observable, in my opinion) C wave after a "throw-over" B wave leading into the current primary wave 5.
I believe that Elliot wave guidelines cannot be broken, Therefore labeling human events on a chart as the historically objective cause of particular market pullbacks/pushes are simply subjective
What human events will occur in the next 15+ year ABC correction? What/Who will be blamed for what is going to naturally take place already?
If you were fluent in Elliot waves during the 2000's - You would have known that a fail to break new highs would mean the beginning of a wave C. Correction lasted from 2000-2009. No US president or other world leader entering or leaving office can influence these unwinding patterns.
This correction is coming, the only person to blame for losing capital is the individual or entity that chose to ignore the warning signs and failed to make the trades. The Federal Reserve System does not "prop up" the market as some believe. One can trade based solely on market technical analysis, real life events do not change that! if you were trading unbeknownst to current events, market direction would be always be apparent from the chart
All market decisions technically made in singularity, unless you've entrusted someone else to make those decisions for you
Look to the higher period moving averages on a daily tf during corrections, as the 20, 200, and 800 MA beat against the 1600 period ma.
Wave 3 has lasted 80+ YEARS! Wave 4 correction is classified on a higher degree than correction spanning 00' - 09'
Note
1880s-1970's
Note
late 1900's
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