EW & Harmonic Is the top in.? Still need confirmation with a LH
Notations on chart.
Basically it is possible that we now with the Bullish Butterfly have an end of 5 waves down
Or
We could still see another abc (alt 3,4 & 5) up and then the last 5 waves down.
If a top then an ABC up. Conformation of BROKEN ARROW comes when we see a LH being set in.
We might have see the top, but we still need confirmation - a LH will give us that.
Fear not - Trade what you see!
@BLawrenceM
I use Twitter for quick intraday updates and comments.
$sp500
Nunca Digas No When Bulls still breathing! Nunca Digas No = Never Say No
Could still be missing the last - 5th wave up. One of the more frustrating part of working with EW
is the doubt of the 5th wave... is it in??? You only know in hindsight
SP Have today and in after hours made a retrace and found support.
TheRetrace made a megaphone in the 3x inverse derivative of the SP - the SPXU
Right now a little hammer candle is forming. That could be a 4th wave and a 5th still to come.
I have in purple drawn a possible wave count of the last wave if th 5th is still to come
So.... Nunca Digas No!
@BLawrenceM
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SP "FADED" from the top 3 or 5 waves down?Chart is done...worked.. Price has moved on Thanks for the thumbs up!!!
Corrective waves is a-b-c and not 5 waves.
I was looking for a 3 wave retrace down for a b-leg retrace, but looks more and more like a 5 wave structure.
Time will tell. Remember this instrument is a derivative of the SP500.
Therefore expect some differences.
Fear not... believe what you see and trade it.
@BLawrenceM
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BROKEN ARROW... We were trading soldiersBroken Arrow
SP are in the final stages of wave 5 in an Ending Diagonal ...just before "Broken Arrow".
The chart above shows the final A-B-C in an Elliott Wave count having 5 waves up from 666,79
As FED-chair Ms.Yellen just proclaimed for the 2nd time... Stocks are overvalued.
First time was the signal for preparing - cause FEDs trading desk will pull out and
switch off bullish price control.
Now it's serious meant you have a fortnight maximum if not less.
The A-wave up came this fridayand tested the 88,6 retrace of the latest swing high and low
From there ( monday or tuesday I see SP will have a shallow B-wave before the final C-wave.
The C-wave will possibly bring the SP to 2138.04 - the 1.618 extension of the
2007 high at 1,576.09 to 666.79 - 2009 low and leave ....a Broken Arrow.
I'm not short or long... will keep my powder dry for the short or trade other instruments than the indexes.
Fear not... believe what you see and trade it.
@BLawrenceM
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Broken Arrow?
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Time's up WHAT ARE YOU WAITING FOR? EDGE OF A REVOLUTION UPDATE1You can fool all the people some of the time, and some of the people all the time, but you can not fool all the people all the time.
Abraham Lincoln
Harmonic, fib and numbers are ruling the charts and geometric the world we see - so what are we waiting for?
Time is up!!! I see next week being ugly.
Listen to the songs...then you'll know how to read the chart....
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First of all its a logarithmic chart:.
13 years of consolidation before a break out. Is that what we have been waiting for? 13 is also a fib number
Take a fib measure from the dot.com top to bottom and add 13 to your fib... gives 666.80.
There is 391 bars between dotcom - subprime tops and 2751 days. 3+9+1 = 13. Will we see history repeat itself?
I believe in cycles so if we are to see another 2751 days before next major top.... then time is about to be up!
This time around it gives 393 bars for making it the 2751 days. Playing with numbers then: 3+9+3 = 15
and 1+5 = 6 - could mean 6 years of bull market.
The top might only be a very short spike up and then puff - just like we've seen in the SPY december 18th 2014 (See link to chart right underneath the text here).
I'll be short from 2138.04 (2+1+3+8+0+4 = 18 ... 1+8 = 9)
Time will tell but Fear not!
@BLawrenceM
BTW: If its all math then for your reflection:
In numerology, the number 13 is considered to be the representation of perfection and completion. It stands to reason, then, that trying to improve upon perfection by adding a digit is a very bad idea indeed — your greed will be rewarded with bad luck.
For the religious or those who believe in other interpretations... I'll leave it up to you in order not to be offensive :
But 13, 6, 7, 9 & 666 all have their meaning.
Counting down the days.... for the SP500The way I see it... days are numbered.
(ISee a top primo april combined with a phi mate date and Bradley model top. See this link or look it up): www.safehaven.com
Will tank after a dead cat bounce in march 2016
See my other charts for info... this is just a updated chart of my chart: Dilemma.... This could be what's in store
I'm not playing the SP until we have seen another ATH at 2138.
Safe trading ladies and gents!
@BLawrenceM
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I do updates there on my TV-published charts and annonces quick scalp plays all day long.
Dilemma......This could be what's in store!An Elliott Wave Ending Diagonal with the 5th wave coming in at 2138.04
2138.04 is the 1.618 extension of the subprime top and devils low.
2138 is also a confluence area where the 1.618 extension comes in from the major wave 3 swing high and major wave 4 low at 1821.61
Will it all end in an huge SHS? ...the form is a guess but we will at the beginning of a downtrend see a lower high. So a SHS is def. possible.
It's the game plan so far. We will see confirmation or invalidation when wave 3 (green) is a the 1.50 fib. A huge blow off from here and it's not an ending diagonal but a normal 3rd wave up . But do we see a Gartley 5.0 pattern (the tilted w in green)...the top is possibly in.
Safe trading ladies and gents!
@BLawrenceM
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Stops taken out in SPY This massive spike came across yesterday. One day before quadruple witching and holliday trading season.
With stops taken out and a huge spike in volume too, market should be ready for the retail investor to bring price to the final top at the 1.618 extension (orange line) from the subprime top to 666.79 low.
It's here being called due to possible human error. Lmao... blogs.barrons.com
Safe trading ladies and gents!
@BLawrenceM