Replies to post #390 on SPX Elliott Waves (SP500)

[NASARAVI]

G

Looks like we got smaller degree wave and the double bottom patten did not materialize.

Looks like Spx is going 600 points at a time and correction bottom out every two months - since we bottomed Jan 28, next good size bottom would be March 28?

The correction would come from a minimum of 3450 or 3600 max.

That should be a 200 point minimum or 250-300 point maximum correction.

Any thoughts on this.

[NASARAVI]

G

You indicate that the run should be 2 months - when is your approximate top date to finish 5? Now is that right.

Thanks in advance.

[NASARAVI]

G

Can you also clarify is it green V that will finish in few months?

Thanks.

[gratitude]

Current Elliott Waves - The spx drop in January of about 123 points I feel that it was not big enough to be blue wave 4, so I reverted to the old count, and i will consider the January drop as red wave 4, one degree lower than the blue one. In February, spx started red wave 5 up, and so far it did black subwaves 1 and 2. I expected black subwave 2 to go a little bit lower today, to 3320, but 3328 is good enough.