- S&P 500 Daily January 18, 2018
The growth of the S & P500 index did not stop at the standard levels of 162% and 262%, perhaps the reason for this is the stretching of wave 5. In this case, the ending of wave 4 usually divides the whole impulse 1-2-3-4-5 over the golden section.
The candidate for the end of wave 5 will be level 2936, but it is important to remember that this is not a rule, but only a norm. Thus, the price will tend to this level, but the reversal itself can occur earlier.
- S&P 500 Daily November 2, 2017
Wave 3 ends. Normally its value is usually 162% of wave 1, but the price did not stop at 2408, as was supposed before, the necessary correction 4 of (3) was not formed either. The next candidate for stopping is the ratio of 262% of wave 1 and level 2610. An alternative calculation is the option where the wave (3) ends, but the nature of the price movement will be similar – approaching the bottom generator of the uplink.
- S&P 500 Daily March 12, 2017
As of March 12, the third wave of growth of the mini-futures contract on the S & P500 has come to an end on the daily interval. Now the stage of local correction 4 of (3) has come. Signs of completion will be set at the price range of 2275 – 2225 and / or move aside the rising channel.