SP500 - Time For A Dive
The linear chart has interesting crossing channel.
Now that SP500 has officially marked a wave 5 since oct11, it could be due for a big wave IV since Mar09.
This big wave IV could start before year end or be delayed into early 2015 from around 2100 if the santa claus rally happens (which i don t believe in right now against odds).
The big wave IV should correct some 23% from tops in 3 waves before potentially launching a big wave 5 in compliance with the previous linear channel that held wave I and II and reaching the bottom of wave III Channel.
This is creative at this stage but could be it.
Now that SP500 has officially marked a wave 5 since oct11, it could be due for a big wave IV since Mar09.
This big wave IV could start before year end or be delayed into early 2015 from around 2100 if the santa claus rally happens (which i don t believe in right now against odds).
The big wave IV should correct some 23% from tops in 3 waves before potentially launching a big wave 5 in compliance with the previous linear channel that held wave I and II and reaching the bottom of wave III Channel.
This is creative at this stage but could be it.
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