SPX - Huge Buying Opportunity beginning October ! * The October Cycle Low is Coming ! * 1998 and 2011 * Note the Cycle Bottoms in October * Major Bottoms forms in October ! http://stockcharts.com/c-sc/sc?s=%24SPX&p=M&st=1980-01-01&en=today&id=p14656519148&a=128596702&r=410 weekend update Posted on October 3, 2015 https://caldaro.wordpress.com/ SHORT TERM If we count Primary IV ending in August at SPX 1867, we have the beginning of Primary V posted on the hourly chart below. Off the recent SPX 1872 low we now have a similar type of irregular pattern as Major waves 1 and 2. We have a rally to SPX 1917 for the first wave, then an irregular second wave: 1897-1927-1894. Another odd pattern, or just more choppy market activity. The rally off Friday’s SPX 1894 low was quite impressive as the market hit 1951 at the close. Best rally in a couple of weeks. However, we would have preferred seeing a clear five waves up before any sizeable correction. Not this choppy activity. http://stockcharts.com/c-sc/sc?s=%24SPX&p=60&b=1&g=0&id=p92268866708&a=67036679&r=984 Under the extending Primary IV scenario we can see the current rally ending at either the 1956 or 1973 pivot ranges. Then another sizeable pullback. Should the market clear the 2019 pivot without any sizeable pullbacks, then Primary V is probably underway. Short term support is at the 1929 and 1901 pivots with resistance at the 1956 and 1973 pivots. Short term momentum ended the week quite overbought . http://stockcharts.com/c-sc/sc?s=%24SPX&p=D&yr=0&mn=2&dy=10&i=p81441093128&r=1440375782800 http://stockcharts.com/c-sc/sc?s=%24SPX&p=D&b=3&g=0&id=p52398868039&a=67199587&r=559 http://stockcharts.com/c-sc/sc?s=%24SPX&p=M&st=1980-01-01&en=today&id=p14656519148&a=128596702&r=410 http://stockcharts.com/c-sc/sc?s=%24SPX&p=W&st=2009-01-01&en=today&id=p16878970123&a=67200081&r=185 http://stockcharts.com/c-sc/sc?s=%24SPX&p=W&yr=5&mn=0&dy=0&i=p38487309944&r=1443177813376 http://stockcharts.com/c-sc/sc?s=%24SPX&p=D&b=3&g=0&id=p52398868039&a=67199587&r=559 http://stockcharts.com/c-sc/sc?s=%24SPX&p=60&b=1&g=0&id=p92268866708&a=67036679&r=984 http://stockcharts.com/c-sc/sc?s=%24SPX&p=D&yr=0&mn=2&dy=10&i=p81441093128&r=1440375782800 http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=2&dy=10&id=p81441093128 http://stockcharts.com/h-sc/ui?s=%24SPX&p=W&yr=5&mn=0&dy=0&id=p38487309944 http://stockcharts.com/c-sc/sc?s=%24SPX&p=M&st=1980-01-01&en=today&id=p14656519148&a=128596702&r=410 weekend update Posted on September 19, 2015 https://caldaro.wordpress.com/2015/09/19/weekend-update-518/ LONG TERM: bull market The five primary wave Cycle wave [1] bull market continues to unfold. Primary waves I and II completed in 2011, and Primary waves III and IV should be completing in 2015. While Primary I was a simple 9 wave structure that topped at SPX 1371. Primary III was a somewhat difficult, at times, 21 wave structure that topped at SPX 2135. Primary II was a five wave elongated flat that lasted five months. Primary IV should be a less complicated three wave zigzag that should conclude this month. http://stockcharts.com/c-sc/sc?s=%24SPX&p=W&st=2009-01-01&en=today&id=p16878970123&a=67200081&r=185 When it does conclude, probably with a retest of the OEW 1869 pivot range, Primary V should carry the market to all time new highs. Over the past 30 years, fifth waves have lasted anywhere from two to six months. Unless the fifth wave subdivided into five waves of its own. This occurred once, out of six opportunities, and the fifth wave lasted 9 months. Price targets for Primary V, should SPX 1867 be the low, are posted on the weekly chart above. Overall it looks like this extended bull market should end either late this year or in Q1/Q2 of 2016. When it does conclude we would then expect the market to lose about half of its value , over the next one to two years, to complete Cycle wave [2]. Based upon these projections, it appears time to monitor and adjust one’s portfolio. MEDIUM TERM: downtrend In the modern world of computerized trading it is not too surprising that Primary IV has been a near perfect analog of Primary II. In May 2011 Primary I topped, and in May 2015 Primary III topped. These Primary wave tops were both followed by a six week downtrend of about 100 points. Then there was a two to three week uptrend of about 95 points, ending at slightly lower highs, while the NDX made a new high. After that, a big selloff lasting six weeks for an average decline of 260 points. This represents the current SPX 1867 low. This was followed by a three week rally of about 140 points, i.e. Thursday’s SPX 2021 high. This brings us up to the present. http://stockcharts.com/c-sc/sc?s=%24SPX&p=D&b=3&g=0&id=p52398868039&a=67199587&r=559 Since 1929 there have been 13 bull markets http://investorshub.advfn.com/boards/read_msg.aspx?message_id=116564037 http://www.elliottwave.com/affiliates/images/AFFA-1407-Fig1.jpg http://www.elliottwave.com/affiliates/images/AFFA-1407-Fig3.jpg