SPX : Selling from current level possible (Elliott Wave)

30 ago 2018

So far SPX has moved up in accordance with the last video update. From this 4 hour chart it seems that the Impulsive move that started near 2689 is about complete, a break below the W.4 low marked level at 2892 will act as confirmation or sell trigger level from where we can see downside till the Target level of 2828, if selling continues then further downside till the white support zone of 2800 to 2775 can be seen.

30 ago 2018

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5 minute chart : Expected Bearish progression :

30 ago 2018

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SPX : 15 min. : Strong fall suggesting W.iii underway, SL reduced to W.ii/b high :

31 ago 2018

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SPX : 15 min. :

31 ago 2018

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SPX : 15 min. : Possible Ending Diagonal for W.(5) :

3 set 2018

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Hypo 2 : Suggesting that a Complex Correction is continuing with the current price in W.x/b either complete or continuing as a Triangle :

3 set 2018

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Hypo 1 : SPX :

4 set 2018

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Hypo 2 : 15min. update :

4 set 2018

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Hypo 1 : 15 min. update : Both Hypo 2 and 1 were pointing down and the market has been following the same, the agreed minimum downside target is 2885.5 as per both Hypos :

4 set 2018

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SPX : 15 min. : Looks like the Hypo 1 is being followed, currently in W.(3) :

4 set 2018

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SPX : 15 min. : Hypo 1 : Expected progression :

4 set 2018

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SPX : Hypo 2 : Tmin. achieved W.4 complete, hence sideways to bearish movement, going below last low is required to confirm Hypo 1 :

5 set 2018

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SPX : 15 min. : Hypo 2 :

5 set 2018

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SPX : Hypo 1 : The structure from 2915 looks corrective suggesting that Hypo 2 might be the one being followed or that the move down is some sort of Leading Diagonal, shorts should maintain positions with strict SL as per their money management, technical SL above 2910 :

5 set 2018

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SPX : 15 min. : Hypo 1 : More downside remains for the completion of W.iii/c :

Hypo 2 : 1H : Triple Zig Zag for W.4 down :
If we see sideways move here then that would signify Hypo 2, whereas straight down from current level means Hypo 1 is the scenario, overall more downside is expected.

6 set 2018

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SPX : Hypo 2 : Updated :
Hypo 1 : Updated :

6 set 2018

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SPX : Hypo 2 : 15 min. : The Triple Zig Zag correction looks almost complete :
Hypo 1 : 15 min. : Moving in W.(3) of W.iii down, Target 1 already achieved, SL should be moved lower :

7 set 2018

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SPX : Hypo 1 : 15 min. : Expect a sharp spike down from here if this is the Hypo playing out, if not then bias remains towards Hypo 2 :

7 set 2018

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SPX : Hypo 1 : 15 min. : Expect a sharp spike down from here if this is the Hypo playing out, if not then bias remains towards Hypo 2 :

7 set 2018

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SPX : 15 Min. : Hypo 1 : No change :
Hypo 2 : About to achieve T1 :

10 set 2018

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SPX : Hypo 3 : Triple Zig Zag Continuation :

10 set 2018

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SPX : Hypo 2 : Price Action is too corrective and seems like the Triple Zig Zag is complete already, shorts should book atleast partial profits here if not all and wait for further clarity :

11 set 2018

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SPX : 1H : Hypo 3 : Unclear if W.x is complete or continuing, wait and watch for now :

13 set 2018

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Hypo 4 : Leading Diagonal case looks to be the one being followed : Currently seems to be in W.C of W.(Y) of this corrective up move :

17 set 2018

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SPX : 15 min. : Looks like we have an Expanding Leading Diagonal for W.(1) :

18 set 2018

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SPX : 15 min. : So far as Expected :

18 set 2018

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SPX : 15 min. : The structure has too many overlaps and looks more like a corrective sideways continuation then a downward move, in case Hypo 4 is being followed we need to see a strong move down closing lower then 2877 :

18 set 2018

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SPX : 1H : Short setup Invalidated : Looks like a corrective W.4 or W .2 continuation which will lead to higher prices once the correction is complete, since the formation is complex it is best to wait and watch for now until things become a bit clearer :

28 set 2018

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SPX : 15 min. Expected progression :

28 set 2018

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SPX : 15 min. : The last leg down seems to be in only three waves and hence arises the possibility that this whole thing might be corrective.
Considering this new probability visible as Hypo 1 keep strict stops at 2931.9 :

1 ott 2018

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SPX : Updated Count : 4H : Last count reached Stop level, however the situation looks much clearer now.
H1 : If this market goes above 2942 then that would mean that W.v of W.iii) is continuing as an Ending Diagonal.

H2 : On the other hand if we see a break below the Cyan channel straight from here then that would mean that we are in a W.iv) Flat type of correction.

In case of H1, we will look for the Ending Diagonal to complete and then go short, in case of H2 the best strategy would be to wait for the completion of W.iv) and then go long for W.v) :