Could S&P go down to 200?

2018年10月13日

It appears that S&P500 has completed five waves. It could go down to 207, the 38% retracement level of the Elliott wave started in 2009. A 61.8% retracement could take S&P500 down to 154 (see weekly and daily charts below).

2018年10月13日

ノート

Weekly chart:



Daily chart:

2018年10月14日

ノート

Sorry, I meant SPY, not S&P500!
And, of course, this analysis is just for educational purposes and is not a recommendation to buy or sell. Please do your own research and trade at your own risk.

2018年10月26日

ノート

Wave (1) likely completed. SPY could go up in wave (2) now.