US-Indices – SNP500 – DJIA30 – Bearish Reversal
US-Indices Wave count suggests that there could possibly be a Bearish Reversal right around the corner.
SNP500 & DJIA30 are both pointing lower, showing reversal partners such as Ending Diagonals and Bearish Divergences at key Elliott Wave Degrees.
Current Wave Count suggests that we could see 21900.00 for DJIA30 and 2450.00 for SNP500 before the Bull Market would continue with its possible last leg before a Major Down-Trend.
SNP500 – 2H Chart (picture):
SNP500 – 2H Interactive Chart:
SNP500 – Levels in Focus:
Entry Levels:
Aggressive – 2610.00
Moderate – 2630.00
Conservative – 2650.00
Invalidation (SL) – 2650.00 / 2670.00 / 2685.00
Targets – 2580.00 / 2550.00 / 2520.00 / 2450.00
DJIA30 – 2H Chart (picture):
DJIA30 – 2H Interactive Chart:
DJIA30 – Levels in Focus:
Entry Levels:
Aggressive – 23750.00
Moderate – 23850.00
Conservative – 24000.00
Invalidation (SL) – 24150.00
Targets – 23300.00 / 22800.00 / 22350.00 / 21900.00
The current set-up represents a continuation and update for the previous post in which we explained the deeper pull-back.
1 Comment
admin
(January 11, 2018)Trades stopped in minor loss or break-even. Moving on to the next sell view.
We strongly believe that we are still in Minor 5 and about to complete Intermediate (5) very soon.
Middle of Jan 2018 or within Feb 2018 both DJIA and SNP500 would contract with an aggressive sell-off.
Forecasts: DJIA retesting 22000 and SNP500 retesting 2450
This sell view will be updated.