Good morning, Iâve made a long term Elliott wave with yahoo data. (1929-2010) Usually the software sorts a number of alternatives. This time there were only two same alternatives. The difference between the alternatives is the super cycle count. (II en IV) The primary 5 target is 12872.. Gr.
Slow Motion Turn Around in Market Direction :eek: . Technical indicators point to a down move soon. RSI divergences and falls from 70% MACD cuts trigger line DOWN. Multiple Handman and Shooting Star Candle Sticks. Death cross usually signifies the end of the down move. Bullish cross may spell the end of the rally. This can be Wave V]IV)A3] CRASH or Wave V]V)3]3)4 SET BACK . Depending on whether the 1130 Neckline holds. Be aware of the red lines sell signals.
WMA200 may be a resistance. Weekly volume decreasing. 1-2-3 versus a-b-c count. The SPX 1040 red line may be a sell signal.