Replies to post #143 on SPX Elliott Waves (SP500)

[NASARAVI]

G

Good chart and great view on the possibilities.

Very very tricky situation here.not showing their cards - these tricky market makers.

Regards.

[gratitude]

Current Elliott Waves - so far spx behaved as expected. Red wave 5 started, and it did so far black subwaves 1 and 2, and black subwave 3 is in progress. It can finish red wave 5 (and blue wave 3) in as little as a few days, so be careful out there. When red wave 5 is done (expected before next week ends), it will correct maybe 60 points or so (future blue wave 4).

Do not use Elliott waves for short term trading - they work properly for longer term trading (i.e. 2-3 months is the best)