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Spxshort

SPX, Expanding Triangle telling us going short?Since the beginning of the year 2018 the index S&P 500 is more or less in a very big correction formation called "expanding triangle". So that is a horizontal correcting wave which in this case is symmetrical (top rising, bottom declining). In my opinion we are still in a bull market, so i think it will be "just" (30%) correction in the S&P, before we start a new rally like in the years 2016 to 2017. When this analysis should fit, we could go to 2100-2200 points. Its likely that the reason is that the FED is waitin with their rate cuts and Xi & Trump will fight again, cause of their trade-war. The markets expect now the best of the best cases, but that wont happen in my opinion. So we will see. But one thing: when the market has dropped to the to "E", the FED will cut the rates to help them go further up and up. And also Trump could make a "fake" deal with Xi, so just that the markets go up that much that he has a well doing stock market in his election-time ;-) My theory ^^
SP:SPXShort
by swissyoungtrader
6
$SPX to have a major downside move? [Dating back to 1987 - 2019]Using Elliot Wave theory dating back to the 1987, the Elliot wave theory would have predicted the stock market crash that occurred during 2000-2001. After over 9+ years of a consecutive bull run, we seem to have a similar formation in our markets that replicates almost of what started in 1987. Could we be topping out to what timing seems to correlate with bad economic fundamentals? Stay tuned to see how this plays out
SP:SPXShort
by KennySniper
1