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SP

Santa could get stuck in the Chimney at the ABCD 2074 target!!This chart shows a confluence point with my "Santa" chart at the 2074 handle. It's the ABCD Gartley harmonic target for the 666,79 low to the top of a possible Elliott wave ABC leg up to reach 1370,58. D comes in at the 2074 handle. RSI is at oversold levels.... but could stay there on a monthly chart for another couple of month. Last time around in 2007 RSI hit the 79.5 area before turning down. There is a slight divergens emerging on the RSI. It has been at 77.6418 a year ago and has twice attempted to move higher but failed to do so. At present RSI is at 76.0205 Time will tell - as always Safe trading ladies and gents! @BLawrenceM Music at work: www.youtube.com
SP:SPX
by CoinedByCrypto
How deep is Ur Love ...Bulls?BUYING THE DIP after an almost 100 handle deep 5 wave down !! EW ma's 13 and 34 making a bull cross - might indicate a BTFD at red c. But also indicating that we might only see a corrective 3 wave move up. If corrective 3 wave ABC up pans out it should be a 88.6 retrace. (Making the right shoulder of an IHS at orange B) SP did make a 5 wave down so a corrective 3 waves up making a wave 2 - could def. pan out RSI has broken out above resistance but still in overbought area on the 4h chart.... have to show strength after having made the red abc retrace... but might be coming short an start showing divergens... As always.... time will tell @BLawrenceM Music at work: www.youtube.com www.youtube.com
FX:SPX500
by CoinedByCrypto
14
3 drive to a bottom & end of corrective ABCD harmonic Looks like Fed is setting the market up for a pop on there announcement later today at 2 o'clock. Market would then have made a perfect ABCD correction (yellow lines) at the 1.272 fib and looks like a 3 drive to a bottom at the same time (green lines). We would at the same time have seen a gap close Fisher looks also ready for a bounce making a possible divergens That would set the market up for a 5th and final wave up. Time will tell Safe trading ! @BLawrenceM
AMEX:UPRO
by CoinedByCrypto
2