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wolffarchitecture

SPX Elliott Analysis

S&P 500 Index (OANDA:SPX500USD)  
wolffarchitecture Updated   
OANDA:SPX500USD   S&P 500 Index
Trend Analysis Chart Patterns Wave Analysis
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trendanalysis chartpattern waveanalysis
Last update, Taking my long holiday break. Ending diagonal to complete 5th wave of C-wave. then expect correction with more upside.
Ending diagonals can be tricky and this was no exception.
Comment:
we are either in a 1-2, 1-2 with the possibility of going higher on a wave 3 @ or around December 14th (to all time highs), or we have just completed a month long a-b-c l (top) and are going lower to a larger degree wave B (with a higher c) even lower. to a new all time low. The 3850 is important area to monitor for support, next is 3720, and the most important number of all is the retest of 4,000.
snapshot
Comment:
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