More Finite Estimates for SPY

5 feb 2021

Using Elliot Wave, I have estimated the final waves, the timing, and the prices. Don't count on it and don't rely on it to place any short positions; it is just a suggestion. I am a believer of staying out until a drop and picking up the bounces and swings, and there will be plenty of time to do that on the way down. Further, we definitely still have some up to go as shown in the chart.

Nothing is certain, but it fits in line with all my trend analysis as well, so this is sort of a confirmation.

Additionally, 61.8% ABC correction after that would put us just under 280, which would make a lot of sense. This is also in line with what my harmonic ratios are saying as well. I haven't plotted that yet with EW. I will as things develop more and we actually hit the top, but my guess is potentially at the end of the year or in 2022 would be where that bottom could hit.

God I love math.

Hope you enjoy.

= FIB

5 feb 2021

Nota

forgot to label, we go up to 387 (where we are now) before we drop to that 376...at least in my mind HA

5 feb 2021

Nota

well not quite there but were getting close

5 feb 2021

Nota

haven't put focus in it yet, but the really large picture might look something like this



a complete flattening and with inflation simultaneously, that is a massive depression for years to come