$SPX - Chart Link - remember I presented
this a couple weeks ago, the 4th wave triangle scenario, still
valid, the 4th wave triangle would be completed and we would now be
in a 5th wave move. It would probably lead to a minor new
high then a larger ABC correction after completion.
$VIX - Chart Link - with the VIX so low
now and the sell in may time frame of year, again I could be wrong,
but I think it will keep a lid on the SPX just running away crazy,
that's why I think maybe it makes minor new highs in a 5th wave
Posted by sschulman on 25th of Apr 2017 at 12:16 pm
Or it could just start heading down anytime. Then it would
simply be labelled a failed 5th. That's my problem with Elliott --
labelling is retroactive. :-)
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SPX 4th wave triangle scenario
Posted by matt on 25th of Apr 2017 at 11:56 am
$SPX - Chart Link - remember I presented this a couple weeks ago, the 4th wave triangle scenario, still valid, the 4th wave triangle would be completed and we would now be in a 5th wave move. It would probably lead to a minor new high then a larger ABC correction after completion.
$VIX - Chart Link - with the VIX so low now and the sell in may time frame of year, again I could be wrong, but I think it will keep a lid on the SPX just running away crazy, that's why I think maybe it makes minor new highs in a 5th wave
we'll see....
Or it could just start
Posted by sschulman on 25th of Apr 2017 at 12:16 pm
Or it could just start heading down anytime. Then it would simply be labelled a failed 5th. That's my problem with Elliott -- labelling is retroactive. :-)