Updated

SPX Elliott wave count daily. 101 probable count

1/ This new idea is based on the previous idea below, rsi possible extended 1st wave like our spx. Nothing guaranteed
here just an amazing similarities (chart # 1).
2/ The previous idea is coming handy for "Gaps behavior " and how they usually appear in waves 3 & C. Well it kind
of supporting this idea of an extended 1st wave. Here it is below (chart # 2).
3/ Combining these together kind of make the argument for and extended 1st wave is more probable, or not.
4/ So what's next, well Elliott Fibonacci Retracement and Extension Guidelines for an extended wave 1 as follow:

If wave 1 is extended, then the size of wave 3 through to the end of wave 5 is often 61.8% – 78.6% relative to the size of wave 1
If wave 1 is extended, then wave 2 and 4 are very likely to be shallow (i.e. 23.6% – 38.2%)
If wave 1 is extended, then wave 2 will often end at the level of sub-wave 4 of 1 (i.e. the internal wave 4 of wave 1)

4/ That's would put the probable target for this bull's move since March's low between .61-79 fibs with
minimum requirement @ 4122:

SPX's Elliott wave count weekly,for the RSI deep & crazy stuff !

SPX's Elliott wave, possible change of count. Gaps behavior

Note

If you are Bullish, then "Touch Down" for wave 2 @ .38 retracement of wave one.

wish you all the best.

Note

Getting Invalidation on the 1 Hour chart, not good for our count. Unless this is a flat

of some sort we need it to finish to recount.

Note

This count is still my favorite count. Playing a text book Elliott wave count here

lets follow through this and see how far can we go up & whether it plays out as

numbered or no. Only time will till.

Note

Text book bounce of wave 2 from the shaded area. Beautiful ATH @ wave 3, this count getting stronger with time. we shall see whether it fully plays out or no. 3ed wave should ends at 4269 if no extensions involved.

Note

This is still our favorite count. Holding strongly.

Note

Moment of truth !!! coming soooooon !!! stay nimble , stay wise & stay cautious .
Wave 5 of 5 o f 5 o f5 of March's low is starting or about to start + we could get truncated.

SPX's moment of truth, since March 2020. Mother of all 5s.

Note

Still text book Elliott wave count holding.

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All in one place, our favored count is still standing enjoy.

It is not about being bearish or bullish in this area it is

It is the next wave that you should be concerned about, not THIS

Elliott wave count. 2 Options we are in 5 of 3 OR 5.5.5.5 then..

SPX's Elliott wave for the next 9 days or so. Next week (-130) P

SPX's Grand Cycle count might/could be ending around May 6, 2021

Text book "Elliott wave count". Since March's low !!!

SPX's Elliott two scenarios , regardless of the bigger picture.

samitrading

I do more in depth studies of stocks on my twitter account. Hope you would enjoy it there as you are enjoying it here.

****** Past performance is no guarantee of future results***

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