In my previous post on S&P, I mentioned to prepare shorting S&P and gave 2 potential price reversal targets. Now I am calling for the actual short as price has reversed yesterday the 2nd price target.
I will give you additional confidence with 2 candlestick formation on 2 different timeframe:
1. On the weekly time frame, we have a shooting star:
2. On the daily time frame, we have a bearish engulfing candle:
Note that in my previous post, I mentioned that this wave 5 will NOT reach S&P previous high due to wave 3 being overly-extended. With Elliott Wave Analysis, Fibonacci extension analysis (found in my previous post), weekly and daily candlestick patterns, I am certain that S&P will fall and it is still early time to short it now. Place your stop just above the high of the last 2 candles (2866) and you should do well. The price target is conservative since I am expecting a reversal on the super cycle scale.
P/S: Note that I deleted one post made a few mins earlier because I didn't update my wave counts and also didn't give the evidence on the weekly. But it is still calling for S&P short. Just wanted to be more comprehensive here :)
I will give you additional confidence with 2 candlestick formation on 2 different timeframe:
1. On the weekly time frame, we have a shooting star:
2. On the daily time frame, we have a bearish engulfing candle:
Note that in my previous post, I mentioned that this wave 5 will NOT reach S&P previous high due to wave 3 being overly-extended. With Elliott Wave Analysis, Fibonacci extension analysis (found in my previous post), weekly and daily candlestick patterns, I am certain that S&P will fall and it is still early time to short it now. Place your stop just above the high of the last 2 candles (2866) and you should do well. The price target is conservative since I am expecting a reversal on the super cycle scale.
P/S: Note that I deleted one post made a few mins earlier because I didn't update my wave counts and also didn't give the evidence on the weekly. But it is still calling for S&P short. Just wanted to be more comprehensive here :)
