into 2018, a peak around 2700, and a downwave in January to bottom in June from 2700 to 2450 area. then a bounce to 2575 area, and maybe another downwave to test 2400-2300 again...and then a summer rally that retests 2700 all over again. Or ELSE, Fails at 2600 area, the resistance shoulder zone,being crafted now (November 2017) that could be the set up for the bigger market correction ....a big downwave from 2600 to 2100 area.
from 2700 down to 2160 is a 20% correction. from 2700 to 1900 is a 30% correction. I think they would stop the downwave at 2134, where the old high used to be.and from 2620 down to 2100 is 20%. in 2019.
But for 2018 I forsee a repeat of 2017. a retrace to 2450 area followed by another rally back to 2700 again,unless they stop it at 2600 and begin the take down.as 2018 turns into 2019.
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