Above is a close up view of the long term Elliott wave count I illustrated in my 8/22/16 post.
A Elliott wave double Zigzag formed from the 5/20/15 peak to the 2/11/16 bottom.
What could be forming since 2/11/16 appears to be a possible Ending Diagonal Triangle.
Wave "4" of the structure could be underway now. If so the bulls-eye price target is SPX 2114, broader zone from 2124 to 2094.
Bulls-eye target date is 9/1/16 which is a new moon and a Fibonacci 13 trading days from the 8/15/16 SPX peak
A Elliott wave double Zigzag formed from the 5/20/15 peak to the 2/11/16 bottom.
What could be forming since 2/11/16 appears to be a possible Ending Diagonal Triangle.
Wave "4" of the structure could be underway now. If so the bulls-eye price target is SPX 2114, broader zone from 2124 to 2094.
Bulls-eye target date is 9/1/16 which is a new moon and a Fibonacci 13 trading days from the 8/15/16 SPX peak
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.