Replies to post #9294 on S WAVE CHARTS

[NASARAVI]

Snoot

Looks like this was tiny wave 5 in this big wave - so some minor 1 or A is over now - b down or 2 down I guess.

Thanks for your insight - 2250 or we you here.

[northam43]

Snoot, the 2300 will likely come before the 2180. Right now my 60-S-1 (which is overdue) has a projected low range of 2232.97 to 2228.56. The Daily is very likely to confirm a D-E-2 Monday with a projected high range of 2294.08 to 2357.42, if confirmed the D-E-2 high will be due 12/29/16. So it looks like a Santa Claus Rally to the end of the year. If that happens the SPX Bull market will be in extreme OB territory at the end of the year.

Notice the Blue Lines (EMA 8) on my chart. When they get above that top green line (EMA 11,high) that is OB territory. The 60 min & Daily are currently OB. The Weekly & Monthly are getting close.