I think the 1950 is next and then a decline to Lower Lows to finish wave C of an ABC pattern for major wave IV.
To me it would make the most sense to see the S&P500 up into the first weeks of FEB and a decline into FEB 18-22. I'll explain why. If history is any guide for the future, then the Elliot Wave pattern that we saw in the period of AUG 24-SEP 29 could pop up again, a wave iv. That time, it lasted 25 bars/36 calendar days. (The bigger picture is a ABC corrective...
If history is any guide for the future, we should expect a wave 4 up for the Russell 2000. So far, wave C resembles wave A in Pattern, Price and Time (white line and arrow). Always use a stop loss (f.e. the Low of Friday/this Monday) as crashes always happen when nobody expects them. I'm not expecting one for the short term ;) Enjoy your weekend!
According to my research, the S&P500 evolves in 7 (calendar) day cycles, of which the 7, 21, 35, 42, 63 and 91 day cycles are the most relevant for the short term (days). For the medium and longer longer term, the 105, 119, 294, 1077, 1141 and the 3141 cycle are decisive. Whenever these cycles are ling up, it’s TIME to pay attention. tripstrading.com The first...
According to my research, markets move in cycles, of which the table of 7 days (5 trading days) plays an important role. For example, when the 21, 35, 42, 63 day cycle line up, it’s Time to get ready for a change in trend (S&P500). Today, OCT 8, points at a 7, 21, 42, 119 and 154 day cycle (TripsTrading Cycle Model, TTCM). Tomorrow and Saturday represent a...
The charts shows a graphic presentation of my own developed Cyclical Model on the S&P500. 1st upcoming Turn Date is August 20, seems like a short term Low will be formed. Check out my website for more information: www.TripsTrading.com
Today, August 20, is a TripsTrading Cycle Date and it seems a Low will be formed. Combined with Elliot Wave it leads t a bullish bias till the end of August, finish wave B up, 2100-20 area. September will likely be a down month, finishing wave IV down, < 2040, targets 2020 and 1980. For more information on Longer term Elliot Wave, Cycles and Strategies, visit...
The SPX forms a classic inverted Shoulder-Head-Shoulder pattern. To finish this pattern, the neckline has to break, close above 2113 and the Target Price becomes 2150. At this moment I’d rather wait for a good entry for new shorts (if stopped out @ 2113) than chase this market up. Short term, the SPX might go up, Nasdaq already broke last high, but to me it...
Long since March 13, a TripsTrading Cycle Model Date. I managed to return > 60% in only 8 months, based on my own developed cycle model. For more info, check out my blog www.tripstrading.com
We'll likely see a high formed over the period of FEB 11-13.
I have spend more than 2 years doing research on the S&P500 and I found a sort of code based on cyclicals that is able to predict when markets are likely to change trend. Track record since July 2014: Return: 60% (simple interest) # trades: 25 Hit ratio: 86%. For more information, check out my website www.tripstrading.com or send me an email: tripstrading@gmail.com
Two pssible scenarios based on EW. 1) if 2030 holds, we should test 2066 and make new highs 2) if 2030 breaks, new lows are expected. For more charts and succesful strategies, see www.tripstrading.com
After year of research I finished my own cyclical model. Hit ratio > 80%, and 58.8% return in 7 months. For more info, check www.tripstrading.com
Heavy monthly resistance @ 2100-2120. If that breaks to the upside, then there's plenty of room for stocks to go higher. The cycles of time indicate we could see a massive drop the next couple of months. For more charts, see www.tripstrading.com
I think the S&P500 will grind higher towards Christmas. Next cycle dates are Dec 22 & 25-26
I believe we could see more downside for the DAX to finish wave IV A Wave IV will likely consist of A down - B up - C down
Sell the 1880-1890 for 1st Target: 1850