Elliot Wave "C" of Expanded Flat Corrects SPX to Prior 4 at ~600
Added 7/5/15 - Just saying...let's see how she plays out!...
This is an update to my earlier SPY analysis published 3 months ago where I incorrectly counted 5 of B as complete. A triangle began at that time leading to the conclusion that this final thrust is the real v of 5 of c of B preceding the devastating C retracement to ~600 (this is C of the expanded flat ABC begun in 2000).
Loss of monthly momentum confirms the weakness of this "phony" B rally on weak volume accompanied by record optimism and extreme overvaulation. We should see 600 SPX between Oct 2016 and Jan 2021.
Button down the hatches!
This is an update to my earlier SPY analysis published 3 months ago where I incorrectly counted 5 of B as complete. A triangle began at that time leading to the conclusion that this final thrust is the real v of 5 of c of B preceding the devastating C retracement to ~600 (this is C of the expanded flat ABC begun in 2000).
Loss of monthly momentum confirms the weakness of this "phony" B rally on weak volume accompanied by record optimism and extreme overvaulation. We should see 600 SPX between Oct 2016 and Jan 2021.
Button down the hatches!
