S&P500指数ショート
A decline in coming month is expected, but a higher high later
アップデート済
It is embarrassing to share S&P chart again after almost a year since early 2019. In my previous analysis, I failed to predict the short term movement. However, the time I shared the previous analysis was actually at the trough since 2019. (see my link below, actually the correction D and E waves were not realized.)
This time I again use Elliot Wave Theory to analyze the historical movement of the S&P500 since 2009. In this decade, we witness a classic 5-wave impulsive wave. The division of the 5 constituent waves are indicated in the right chart, which is quite self-explanatory. What a pity, in early 2019 was actually the end of a running flat. The S&P500 then persistently went against all the short sellers' prediction.
In my left chart, it is a breakdown of the (5) wave indicated in the right chart. I so far see it goes in the shape of ending diagonal. Right now the S&P500 might be soon finishing the 3rd wave. A technical correction 4th wave will happen soon. In fact, the technical analysis also to a certain extent meets the fundamental. The fact that the S&P500 will be reaching the all time crest by the end of 2020, which is also the time US presidential election ends. Hope everyone of us can get some returns before the fireworks end. Not sure if it also indicates/predicts Sanders going to win the presidential election? Coz the Wall Street heavyweights might react badly towards the president-to-be socialist Sanders? Anyway, I am not really know a lot US politics indeed.
Happy trade. Analysis from a hongkonger.
This time I again use Elliot Wave Theory to analyze the historical movement of the S&P500 since 2009. In this decade, we witness a classic 5-wave impulsive wave. The division of the 5 constituent waves are indicated in the right chart, which is quite self-explanatory. What a pity, in early 2019 was actually the end of a running flat. The S&P500 then persistently went against all the short sellers' prediction.
In my left chart, it is a breakdown of the (5) wave indicated in the right chart. I so far see it goes in the shape of ending diagonal. Right now the S&P500 might be soon finishing the 3rd wave. A technical correction 4th wave will happen soon. In fact, the technical analysis also to a certain extent meets the fundamental. The fact that the S&P500 will be reaching the all time crest by the end of 2020, which is also the time US presidential election ends. Hope everyone of us can get some returns before the fireworks end. Not sure if it also indicates/predicts Sanders going to win the presidential election? Coz the Wall Street heavyweights might react badly towards the president-to-be socialist Sanders? Anyway, I am not really know a lot US politics indeed.
Happy trade. Analysis from a hongkonger.
ノート
the S&P is plunging as expected.ノート
oops the diagonal shape broken.... but i expect a technical rebound following soon.
関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。