S WAVE CHARTS

[NASARAVI]

Snoot

Great chart - you must have been thinking about my questions.

I was at the mall and read San article in technical analysis of the markets and he had a key date as August 2016.... But showed the flat at 1607 as well.

His analysis showed that we had completed wave p4 and heading to P5. My opinion p5 got truncated at 2134. P4 was at 1820.

His analysis showed market top between May 2015- to 2106 which already hit the top.

The PAGET waves also indicate a top in this range.

Wave P2 correction was 22% and now we had barely 11% so more on the downside.

There is death cross on Dow and Spx now. 13 is below 34 on the weekly. Macd on the weekly is below zero as well.

Based on my review of 2011 correction and now it is clear that we are topping.

We will have wait and see next week - that should tell the story - below 15350 we are done.

Regards and nice charts.